Wing Tai Properties First Half 2024 Earnings: HK$0.98 loss per share (vs HK$0.28 loss in 1H 2023)

Simply Wall St · 08/31 00:11

Wing Tai Properties (HKG:369) First Half 2024 Results

Key Financial Results

  • Revenue: HK$560.3m (up 17% from 1H 2023).
  • Net loss: HK$1.34b (loss widened by 257% from 1H 2023).
  • HK$0.98 loss per share (further deteriorated from HK$0.28 loss in 1H 2023).
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SEHK:369 Earnings and Revenue Growth August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wing Tai Properties Earnings Insights

Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.3%.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Wing Tai Properties.