Momentum Financial Holdings (HKSE:01152) Retained Earnings : HK$-66.8 Mil (As of Jun. 2024)

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What is Momentum Financial Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Momentum Financial Holdings's retained earnings for the quarter that ended in Jun. 2024 was HK$-66.8 Mil.

Momentum Financial Holdings's quarterly retained earnings increased from Jun. 2023 (HK$-86.6 Mil) to Dec. 2023 (HK$-76.3 Mil) and increased from Dec. 2023 (HK$-76.3 Mil) to Jun. 2024 (HK$-66.8 Mil).

Momentum Financial Holdings's annual retained earnings declined from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$-103.3 Mil) but then increased from Dec. 2022 (HK$-103.3 Mil) to Dec. 2023 (HK$-76.3 Mil).

Momentum Financial Holdings Retained Earnings Historical Data

The historical data trend for Momentum Financial Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Momentum Financial Holdings Retained Earnings Chart

Momentum Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-103.26

-76.28

Momentum Financial Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-	-103.26	-86.63	-76.28	-66.79

Momentum Financial Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Momentum Financial Holdings (HKSE:01152) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Momentum Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Momentum Financial Holdings Ltd (HKSE:01152) » Definitions » Retained Earnings

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Address

No. 4028, Jintian Road, Fuzhong Community, Lianhua Street, Room 2408, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN

Website

https://www.1152.com.hk

Momentum Financial Holdings Ltd is engaged in finance leasing and consultancy services. The company's segments include finance leasing; Cross-border trading business of nutrition food and health care products; and Others. The majority of the revenue is derived from the cross-border trading business of nutrition food and health care products segment. Geographically, the company has a presence in Hong Kong and PRC.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2501 Other
So Man Chun (in The Capacity As The Receiver)	2501 Other
Forever Brilliance International Group Co., Limited	2101 Beneficial owner
Smith Lexi Lucia	2201 Interest of corporation controlled by you
Sun Dianying	2201 Interest of corporation controlled by you
Great River Capital Limited	2101 Beneficial owner
China Great Wall Amc (international) Holdings Company Limited	2201 Interest of corporation controlled by you
Great Wall International Investment Xx Limited	2106 Person having a security interest in shares
Triumph Hope Limited
Chan Chung Shu
Zhong Guo Chang Cheng Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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