PCCW (HKG:8) Full Year 2024 Results

Key Financial Results

• Revenue: HK$37.6b (up 3.3% from FY 2023).
• Net loss: HK$300.0m (loss narrowed by 36% from FY 2023).
• HK$0.039 loss per share (improved from HK$0.061 loss in FY 2023).

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

PCCW EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%.

The primary driver behind last 12 months revenue was the Hong Kong Telecommunications (HKT) Limited segment contributing a total revenue of HK$34.8b (93% of total revenue). Notably, cost of sales worth HK$19.1b amounted to 51% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$13.0b (70% of total expenses). Explore how 8's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Hong Kong.

Performance of the Hong Kong Telecom industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for PCCW (1 is potentially serious!) that you need to be mindful of.

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