Wharf Real Estate Investment (HKG:1997) Full Year 2024 Results

Key Financial Results

• Revenue: HK$12.9b (down 3.0% from FY 2023).
• Net income: HK$891.0m (down 81% from FY 2023).
• Profit margin: 6.9% (down from 36% in FY 2023).
• EPS: HK$0.29 (down from HK$1.57 in FY 2023).

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

Wharf Real Estate Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 86%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Wharf Real Estate Investment you should know about.

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