PAX Global Technology (HKG:327) Full Year 2023 Results

Main financial results

  • Revenue: HK$6.71 billion (down 17% from FY2022).
  • Net profit: HK$1.16 billion (down 8.7% from FY2022).
  • Profit margin: 17% (up from 16% in FY2022). The increase in profit margin is due to the reduction in expenses.
  • EPS: HK$1.08 (down from HK$1.17 in FY22).
Profit and revenue growth
SEHK:327 Earnings and Revenue Growth April 21, 2024

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

PAX Global Technology's revenue and profits fall below expectations

Sales were 8.6% lower than analysts expected. Earnings per share (EPS) also fell 6.7% below analyst expectations.

Looking ahead, revenues are expected to increase by an average of 11% per year over the next three years, compared to a growth forecast of 11% for Hong Kong's electronics industry.

performance of Hong Kong's electronic industry.

The company's stock fell 1.4% from the previous week.

risk analysis

For example, PAX Global Technology needs to be aware of risks. two warning signs (and 1 is a bit worrying) I think you should know.

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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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