Tongda Group Holdings Full Year 2023 Earnings: Misses Expectations

Simply Wall St.03-29

Tongda Group Holdings (HKG:698) Full Year 2023 ResultsKey Financial Results Revenue: HK$6.52b (down 14% from FY 2022). Net loss: HK$1.23b (down by 401% from HK$408.9m profit in FY 2022). HK$0.13 loss ...

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Net loss: HK$1.23b (down by 401% from HK$408.9m profit in FY 2022). 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Net loss: HK$1.23b (down by 401% from HK$408.9m profit in FY 2022). HK$0.13 loss per share (down from HK$0.042 profit in FY 2022).  SEHK:698 Earnings and Revenue Growth March 29th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Tongda Group Holdings Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 3.6%.  Earnings per share (EPS) was also behind analyst expectations.      Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Electronic industry in Hong Kong.    Performance of the Hong Kong Electronic industry.  The company's share price is broadly unchanged from a week ago.   Risk Analysis You should always think about risks. Case in point, we've spotted   1 warning sign for Tongda Group Holdings  you should be aware of.  Valuation is complex, but we're helping make it simple.Find out whether Tongda Group Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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