Laopu Gold Reports First Half 2024 Earnings

Simply Wall St·09/30/2024 01:38:47

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Laopu Gold (HKG:6181) First Half 2024 Results

Key Financial Results

Net income: CN¥587.8m (up by CN¥587.8m from 1H 2023).
EPS: CN¥4.11.

earnings-and-revenue-growth — SEHK:6181 Earnings and Revenue Growth September 30th 2024

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

Laopu Gold Earnings Insights

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are up 26% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Laopu Gold, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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