Powerlong Real Estate Holdings (HKG:1238) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥22.9b (down 27% from FY 2022).
- Net loss: CN¥2.59b (down from CN¥407.7m profit in FY 2022).
- CN¥0.64 loss per share (down from CN¥0.098 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Powerlong Real Estate Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 2 warning signs with Powerlong Real Estate Holdings, and understanding these should be part of your investment process.
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