Tongda Group Holdings First Half 2024 Earnings: EPS: HK$0.001 (vs HK$0.005 in 1H 2023)

Tongda Group Holdings (HKG:698) First Half 2024 Results

Key Financial Results

• Revenue: HK$2.99b (up 5.4% from 1H 2023).
• Net income: HK$12.8m (down 73% from 1H 2023).
• Profit margin: 0.4% (down from 1.7% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.001 (down from HK$0.005 in 1H 2023).

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

Tongda Group Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Tongda Group Holdings.

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