37 Interactive Entertainment Network Technology Group (SZSE:002555) Q1 2024 Results

Main financial results

  • Revenue: CAD 4.75 billion (up 26% from Q1 2023).
  • Net income: C$616.2 million (down 21% from Q1 2023).
  • Margin: 13% (down from 21% in Q1 2023). The decrease in profit margin was due to an increase in expenses.
  • EPS: CN¥0.28 (down from CN¥0.35 in Q1 2023).
SZSE:002555 Earnings and Revenue Growth May 6, 2024

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

37 Interactive Entertainment Network Technology Group EPS Disappoints

Sales were in line with analyst forecasts. Earnings per share (EPS) were 1.6% lower than analysts expected.

Looking ahead, revenue is expected to increase by an average of 9.8% per year over the next three years, compared to a growth forecast of 17% for China's entertainment industry.

performance of China's entertainment industry.

The company's stock price is almost unchanged from a week ago.

risk analysis

need to learn about. 1 warning sign We discovered this in collaboration with 37 Interactive Entertainment Network Technology Group.

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