Sincere Company Full Year 2024 Earnings: HK$0.031 loss per share (vs HK$0.038 loss in FY 2023)

Sincere Company (HKG:244) Full Year 2024 Results

Key Financial Results

• Revenue: HK$131.3m (down 10% from FY 2023).
• Net loss: HK$40.1m (loss narrowed by 21% from FY 2023).
• HK$0.031 loss per share (improved from HK$0.038 loss in FY 2023).

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

The primary driver behind last 12 months revenue was the Department Store Operations segment contributing a total revenue of HK$131.4m (100% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to HK$66.7m (57% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$7.26m. Explore how 244's revenue and expenses shape its earnings.

Sincere Company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Sincere Company, and understanding it should be part of your investment process.

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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.