Far East Horizon Full Year 2024 Earnings: Misses Expectations

Simply Wall St.03-09

Far East Horizon (HKG:3360) Full Year 2024 Results

Key Financial Results

Revenue: CN¥35.7b (down 2.5% from FY 2023).
Net income: CN¥3.86b (down 38% from FY 2023).
Profit margin: 11% (down from 17% in FY 2023). The decrease in margin was primarily driven by higher expenses.
EPS: CN¥0.92 (down from CN¥1.47 in FY 2023).

SEHK:3360 Earnings and Revenue Growth March 9th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Far East Horizon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Diversified Financial industry in Hong Kong.

Performance of the Hong Kong Diversified Financial industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Far East Horizon (1 is potentially serious) you should be aware of.

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