Fosun International First Half 2024 Earnings: Misses Expectations

Simply Wall St · 08/31 00:39

Fosun International (HKG:656) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥97.8b (flat on 1H 2023).
  • Net income: CN¥719.0m (down 47% from 1H 2023).
  • Profit margin: 0.7% (down from 1.4% in 1H 2023).
  • EPS: CN¥0.088 (down from CN¥0.17 in 1H 2023).
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SEHK:656 Earnings and Revenue Growth August 31st 2024

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

Fosun International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 70%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Industrials industry in Hong Kong.

Performance of the Hong Kong Industrials industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Fosun International that you should be aware of.