China Resources Gas Group First Half 2024 Earnings: EPS: HK$1.52 (vs HK$1.56 in 1H 2023)

China Resources Gas Group (HKG:1193) First Half 2024 Results

Key Financial Results

• Revenue: HK$52.1b (up 7.7% from 1H 2023).
• Net income: HK$3.46b (down 2.5% from 1H 2023).
• Profit margin: 6.6% (down from 7.3% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$1.52 (down from HK$1.56 in 1H 2023).

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

China Resources Gas Group Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Gas Utilities industry in Hong Kong.

Performance of the Hong Kong Gas Utilities industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for China Resources Gas Group that you should be aware of.

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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.