TravelSky Technology (HKG:696) First Half 2024 Results
Key Financial Results
- Revenue: CN¥4.04b (up 22% from 1H 2023).
- Net income: CN¥1.37b (up 14% from 1H 2023).
- Profit margin: 34% (down from 36% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.47 (up from CN¥0.41 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TravelSky Technology Earnings Insights
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong.
Performance of the Hong Kong Hospitality industry.
The company’s shares are up 12% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We’ve done some analysis and you can see our take on TravelSky Technology’s balance sheet.
