China Unicom (Hong Kong) Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

China Unicom (Hong Kong) (HKG:762) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥389.6b (up 4.6% from FY 2023).
• Net income: CN¥20.6b (up 10% from FY 2023).
• Profit margin: 5.3% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.67 (up from CN¥0.61 in FY 2023).

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

China Unicom (Hong Kong) Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Wireless Communications Services contributing CN¥389.6b. Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥4.58b. Explore how 762's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Hong Kong.

Performance of the Hong Kong Telecom industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for China Unicom (Hong Kong) that you need to be mindful of.

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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.