CK Asset Holdings First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

CK Asset Holdings (HKG:1113) First Half 2024 Results

Key Financial Results

• Revenue: HK$22.0b (down 11% from 1H 2023).
• Net income: HK$8.74b (down 17% from 1H 2023).
• Profit margin: 40% (down from 43% in 1H 2023).
• EPS: HK$2.48 (down from HK$2.92 in 1H 2023).

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

CK Asset Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with CK Asset Holdings.

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