Weimob (HKG:2013) Results for the first half of 2024
Key financial results
- Sales: CN¥867.4 million (28% less than in the first half of 2023).
- Net loss: CN¥550.8 million (loss widening by 22% from H1 2023).
- Loss of CN¥0.19 per share (a further deterioration from the loss of CN¥0.17 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Weimob’s sales and profits fall short of expectations
Sales were 37% below analyst estimates. Earnings per share (EPS) also fell short of analyst estimates.
An average sales growth of 20% per year is expected for the next three years. In contrast, growth of 18% is forecast for the software industry in Hong Kong.
Performance of the Software industry in Hong Kong.
The company’s shares fell 7.4% compared to the previous week.
Risk analysis
Before you take the next step, you should know about the 1 warning signal for Weimob that we uncovered.
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