Shangri-La Asia (HKG:69) H1 2024 results
Key Financial Results
Revenue: US$1.05 billion (up 4.3% from 1H2023). Net profit: US$94.5 million (down 28% from 1H2023). Margin: 9.0% (down from 13% in 1H2023). The decline in margin is due to higher expenses. EPS: US$0.027 (down from US$0.037 in 1H2023). SEHK:69 Revenue and Revenue Growth 26 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Shangri-La Asia's revenue and profits fall short of expectations
Revenues came in 12% below analyst expectations. Earnings per share (EPS) also came in 12% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 7.4% over the next three years, while Hong Kong's hospitality industry growth forecast is 12%.
Hong Kong hospitality industry performance.
The company's shares are little changed from a week ago.
Risk Analysis
Before you take the next step, you should be aware of the 1 warning sign we've spotted with Shangri-La Asia.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell a stock, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
