Asia Cement (TWSE:1102) 2024 Q2 Financial Results
Key Financial Results
Revenue: NT$19.0 billion (down 10% from Q2 2023). Net profit: NT$4.24 billion (up 1.9% from Q2 2023). Margin: 22% (up from 20% in Q2 2023). EPS: NT$1.27 (up from NT$1.26 in Q2 2023). TWSE:1102 Revenue and Sales Growth August 14, 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Asia Cement EPS beats expectations
Revenues were in line with analyst expectations. Earnings per share (EPS) beat analysts' expectations by 58%.
Looking ahead, revenues are forecast to grow at an average annual rate of 4.7% over the next three years, while Asia's basic materials industry revenues are expected to remain flat.
Taiwan market performance.
The company's shares are up 6.3% from a week ago.
Risk Analysis
What about risks? Every company has risks, and with Asia Cement we've spotted 3 warning signs (of which 1 doesn't sit too well with us!) you should be aware of.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
