HK Electric Investments and HK Electric Investments Full Year 2024 Earnings: In Line With Expectations

HK Electric Investments and HK Electric Investments (HKG:2638) Full Year 2024 Results

Key Financial Results

• Revenue: HK$12.1b (up 5.7% from FY 2023).
• Net income: HK$3.11b (down 1.4% from FY 2023).
• Profit margin: 26% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.35 (down from HK$0.36 in FY 2023).

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

HK Electric Investments and HK Electric Investments Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with HK Electric Investments and HK Electric Investments.

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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.