IGG First Half 2024 Earnings: EPS: HK$0.29 (vs HK$0.31 loss in 1H 2023)

IGG (HKG:799) First Half 2024 Results

Key Financial Results

• Revenue: HK$2.74b (up 9.5% from 1H 2023).
• Net income: HK$330.9m (up from HK$359.8m loss in 1H 2023).
• Profit margin: 12% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses.
• EPS: HK$0.29 (up from HK$0.31 loss in 1H 2023).

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

IGG Earnings Insights

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are up 30% from a week ago.

Valuation

It's possible that IGG could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.