China Tourism Group Duty Free (SHSE:601888) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥18.8b (down 9.4% from 1Q 2023).
- Net income: CN¥2.31b (flat on 1Q 2023).
- Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥1.12 (up from CN¥1.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Tourism Group Duty Free Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in China.
Performance of the Chinese Specialty Retail industry.
The company’s shares are down 7.4% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for China Tourism Group Duty Free that you should be aware of.
