TCL Electronics Holdings Full Year 2024 Earnings: Beats Expectations

TCL Electronics Holdings (HKG:1070) Full Year 2024 Results

Key Financial Results

• Revenue: HK$99.3b (up 26% from FY 2023).
• Net income: HK$1.76b (up 137% from FY 2023).
• Profit margin: 1.8% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: HK$0.72 (up from HK$0.31 in FY 2023).

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

TCL Electronics Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Consumer Durables industry in Hong Kong.

Performance of the Hong Kong Consumer Durables industry.

The company's shares are up 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of TCL Electronics Holdings' balance sheet and an in-depth analysis of the company's financial position.

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