MMG (HKG:1208) First Half 2024 Results
Key financial results
- Revenue: $1.92 billion (up 1.2% from H1 2023).
- Net profit: $21.1 million (after a loss of $58.8 million in H1 2023).
- Profit margin: 1.1% (after net loss in H1 2023). The transition to profitability was mainly due to lower expenses.
- Earnings per share: $0.002 (after a loss of $0.007 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
MMG’s sales and profits fall short of expectations
Sales fell short of analysts’ estimates by 3.4%. Earnings per share (EPS) also fell short of analysts’ estimates by 77%.
An average sales growth of 15% per annum is expected for the next three years. In contrast, growth of 7.4% is forecast for the metal and mining industry in Hong Kong.
Performance of Metal and mining industry in Hong Kong.
The company’s shares fell 2.6 percent compared to the previous week.
Risk analysis
Before you take the next step, you should know about the 2 warning signs for MMG (1 cannot be ignored!) that we have uncovered.
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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.
