Sunac China Holdings First Half 2023 Earnings: CN¥2.86 loss per share (vs CN¥3.51 loss in 1H 2022)

Simply Wall St·09/22/2023 22:23:28

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Sunac China Holdings (HKG:1918) First Half 2023 Results

Key Financial Results

Revenue: CN¥58.5b (up 21% from 1H 2022).
Net loss: CN¥15.4b (loss narrowed by 18% from 1H 2022).
CN¥2.86 loss per share (improved from CN¥3.51 loss in 1H 2022).

earnings-and-revenue-growth — SEHK:1918 Earnings and Revenue Growth September 22nd 2023

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

Sunac China Holdings Earnings Insights

Looking ahead, revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 9.4%.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Sunac China Holdings that you should be aware 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.

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