Sun Art Retail Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St·05/22/2024 22:44:27

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Sun Art Retail Group (HKG:6808) Full Year 2024 Results

Key Financial Results

Revenue: CN¥72.6b (down 13% from FY 2023).
Net loss: CN¥1.61b (down from CN¥109.0m profit in FY 2023).
CN¥0.17 loss per share (down from CN¥0.011 profit in FY 2023).

earnings-and-revenue-growth — SEHK:6808 Earnings and Revenue Growth May 22nd 2024

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

Sun Art Retail Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Retailing industry in Hong Kong.

Performance of the Hong Kong Consumer Retailing industry.

The company's shares are down 4.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Sun Art Retail Group's balance sheet health.

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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.

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