Laopu Gold Full Year 2024 Earnings: Revenues Beat Expectations

Laopu Gold (HKG:6181) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥8.51b (up 168% from FY 2023).
• Net income: CN¥1.47b (up 254% from FY 2023).
• Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.

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

Laopu Gold Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are up 37% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Laopu Gold has 1 warning sign we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.