China Tourism Group Duty Free (SHSE:601888) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥67.5b (up 24% from FY 2022).
- Net income: CN¥6.71b (up 34% from FY 2022).
- Profit margin: 9.9% (in line with FY 2022).
- EPS: CN¥3.25 (up from CN¥2.53 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Tourism Group Duty Free Revenues Disappoint
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Specialty Retail industry in China.
Performance of the Chinese Specialty Retail industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we’ve spotted with China Tourism Group Duty Free.