Shangri-La Asia (HKG:69) H1 2024 results
Key financial results
- Revenue: $1.05 billion (up 4.3% from H1 2023).
- Net profit: $94.5 million (28% less than H1 2023).
- Profit margin: 9.0% (compared to 13% in H1 2023). The margin decline is due to higher expenses.
- Earnings per share: $0.027 (compared to $0.037 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Shangri-La Asia’s sales and profits fall short of expectations
Sales missed analysts’ estimates by 12%. Earnings per share (EPS) also missed analysts’ estimates by 12%.
An average turnover growth of 7.4% per annum is expected for the next three years. In contrast, growth of 12% is forecast for the hotel and restaurant industry in Hong Kong.
Performance of the Hospitality industry in Hong Kong.
The company’s share price remained largely unchanged compared to the previous week.
Risk analysis
Before you take the next step, you should know about the 1 warning sign for Shangri-La Asia that we 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.
