Tai United Holdings Full Year 2023 Earnings: HK$0.22 loss per share (vs HK$0.28 loss in FY 2022)

Simply Wall St·07/12/2024 22:04:08

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Tai United Holdings (HKG:718) Full Year 2023 Results

Key Financial Results

Revenue: HK$213.7m (up 25% from FY 2022).
Net loss: HK$1.17b (loss narrowed by 20% from FY 2022).
HK$0.22 loss per share (improved from HK$0.28 loss in FY 2022).

revenue-and-expenses-breakdown — SEHK:718 Revenue and Expenses Breakdown July 12th 2024

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

The primary driver behind last 12 months revenue was the Flooring Materials Trading segment contributing a total revenue of HK$105.6m (49% of total revenue). Notably, cost of sales worth HK$122.3m amounted to 57% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$1.15b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 718's revenue and expenses shape its earnings.

Tai United Holdings shares are down 17% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Tai United Holdings (3 make us uncomfortable!) that you should be aware of before investing here.

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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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