CK Hutchison Holdings (HKG:1) First Half 2024 Results
Key financial results
- Sales: HK$136.5 billion (up 2.3% from H1 2023).
- Net income: HK$10.2 billion (8.9% lower than in H1 2023).
- Profit margin: 7.5% (compared to 8.4% in H1 2023). The margin decline is due to higher expenses.
- Earnings per share: HK$2.66 (compared to HK$2.93 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
CK Hutchison Holdings Earnings Insights
An average sales growth of 12% per annum is expected for the next three years. In Hong Kong’s industrial sector, however, growth of 1.4% is forecast.
Performance of Hong Kong’s industrial sector.
The company’s shares fell 2.5 percent compared to the previous week.
Risk analysis
However, it is worth noting that we have found 1 warning signal for CK Hutchison Holdings that you need to take into account.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
