China Lesso Group Holdings First Half 2024 Earnings: EPS: CN¥0.34 (vs CN¥0.48 in 1H 2023)

Simply Wall St·09/01/2024 02:55:39

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China Lesso Group Holdings (HKG:2128) First Half 2024 Results

Key Financial Results

Revenue: CN¥13.6b (down 11% from 1H 2023).
Net income: CN¥1.04b (down 30% from 1H 2023).
Profit margin: 7.7% (down from 9.8% in 1H 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.34 (down from CN¥0.48 in 1H 2023).

earnings-and-revenue-growth — SEHK:2128 Earnings and Revenue Growth September 1st 2024

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

China Lesso Group Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Building industry in Asia.

Performance of the market in Hong Kong.

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

Risk Analysis

We should say that we've discovered 2 warning signs for China Lesso Group Holdings 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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