New World Development Full Year 2024 Earnings: Revenues Miss Expectations

Simply Wall St · 5d ago

New World Development (HKG:17) Full Year 2024 Results

Key Financial Results

  • Revenue: HK$35.8b (down 62% from FY 2023).
  • Net loss: HK$9.90b (down from HK$976.4m profit in FY 2023).
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SEHK:17 Earnings and Revenue Growth September 28th 2024

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

New World Development Revenues Disappoint

Revenue missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 29% from a week ago.

Risk Analysis

You still need to take note of risks, for example - New World Development has 2 warning signs we think you should be aware of.