Antengene First Half 2024 Earnings: Beats Expectations

Antengene (HKG:6996) First Half 2024 Results

Key Financial Results

• Net loss: CN¥167.0m (loss narrowed by 24% from 1H 2023).
• CN¥0.27 loss per share (improved from CN¥0.36 loss in 1H 2023).

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

Antengene Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Pharmaceuticals industry in Hong Kong.

Performance of the Hong Kong Pharmaceuticals industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Be aware that Antengene is showing 2 warning signs in our investment analysis that you should know about...

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