ENN Energy Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

ENN Energy Holdings (HKG:2688) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥113.9b (up 3.5% from FY 2022).
• Net income: CN¥6.82b (up 16% from FY 2022).
• Profit margin: 6.0% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥6.05 (up from CN¥5.20 in FY 2022).

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

ENN Energy Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 7.2%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Gas Utilities industry in Hong Kong.

Performance of the Hong Kong Gas Utilities industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ENN Energy Holdings you should know about.

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