China Tourism Group Duty Free (SHSE:601888) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥11.8b (down 22% from 3Q 2023).
- Net income: CN¥636.4m (down 53% from 3Q 2023).
- Profit margin: 5.4% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.31 (down from CN¥0.65 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Tourism Group Duty Free Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years,…