Troy Information Technology (SZSE:300366) Full Year 2023 Results
Main financial results
- Sales: 1.67 billion Canadian dollars (down 24% from FY2022).
- Net loss: 474.5 million CN yen (435.5 million CN yen increase in loss compared to FY2022).
- Loss per share: CN 0.79 (worsening from the loss of CN 0.065 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Troy Information Technology's sales and profits fall below expectations
Sales were 35% lower than analysts expected. Earnings per share (EPS) were also lower than analysts expected.
Looking ahead, revenue is expected to increase by an average of 33% per year over the next two years, compared to a growth forecast of 19% for China's IT industry.
performance of China's IT industry.
The company's stock price rose 8.6% from the previous week.
risk analysis
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