AustAsia Group Full Year 2023 Earnings: CN¥0.70 loss per share (vs CN¥0.25 profit in FY 2022)

AustAsia Group (HKG:2425) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥3.92b (up 3.2% from FY 2022).
• Net loss: CN¥488.8m (down by 409% from CN¥158.1m profit in FY 2022).
• CN¥0.70 loss per share (down from CN¥0.25 profit in FY 2022).

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

The primary driver behind last 12 months revenue was the Raw Milk segment contributing a total revenue of CN¥3.47b (88% of total revenue). Notably, cost of sales worth CN¥3.88b amounted to 99% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥304.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 2425's revenue and expenses shape its earnings.

AustAsia Group shares are down 1.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with AustAsia Group (at least 2 which shouldn't be ignored), and understanding them should be part of your investment process.

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