Hong Kong's Blue Moon Group H1 net loss narrows on lower selling and distribution expenses
Hong Kong's Blue Moon Group H1 net loss narrows on lower selling and distribution expenses
Overview
Hong Kong household cleaning products maker's half-year revenue declined yr/yr
Net loss attributable to equity holders narrowed compared to prior year
Gross profit margin decreased slightly to 57.1% from 58.1% yr/yr
Outlook
Company did not provide specific financial guidance or outlook for future periods in the press release
Result Drivers
LOWER SELLING EXPENSES - Reduced selling and distribution expenses contributed to narrowing net loss
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$2.88 bln |
|
H1 Net Loss Attributable |
| HK$192.47 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the household products peer group is "buy."
Wall Street's median 12-month price target for Blue Moon Group Holdings Ltd is HK$1.66, about 48.8% below its August 20 closing price of HK$3.25
The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 75 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Blue Moon group
See all newsHong Kong's Blue Moon Group H1 net loss narrows on lower selling and distribution expenses
Brief: Blue Moon Group Expects H1 Consolidated Loss Attributable To Narrow By No Less Than 55%
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