China State Construction International Holdings Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

China State Construction International Holdings (HKG:3311) Full Year 2023 Results

Key Financial Results

• Revenue: HK$113.7b (up 12% from FY 2022).
• Net income: HK$9.16b (up 15% from FY 2022).
• Profit margin: 8.1% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: HK$1.82 (up from HK$1.58 in FY 2022).

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

China State Construction International Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are down 2.1% from a week ago.

Valuation

China State Construction International Holdings' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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