View Future GrowthSupercity Realty Development 過去の業績過去 基準チェック /06Supercity Realty Developmentの収益は年間平均-68.4%の割合で減少していますが、 Consumer Durables業界の収益は年間 増加しています。収益は年間4.6% 63.4%割合で 減少しています。主要情報-68.38%収益成長率-68.38%EPS成長率Consumer Durables 業界の成長9.93%収益成長率-63.38%株主資本利益率-2.13%ネット・マージン-9.49%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 16First quarter 2026 earnings released: ₱0.004 loss per share (vs ₱0.005 loss in 1Q 2025)First quarter 2026 results: ₱0.004 loss per share (improved from ₱0.005 loss in 1Q 2025). Revenue: ₱4.27m (up 162% from 1Q 2025). Net loss: ₱464.2k (loss narrowed 9.8% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 227 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.001 (vs ₱0.002 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱0.001 (up from ₱0.002 loss in 3Q 2023). Net income: ₱105.5k (up ₱375.0k from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 14Second quarter 2024 earnings released: ₱0.013 loss per share (vs ₱0.001 profit in 2Q 2023)Second quarter 2024 results: ₱0.013 loss per share (down from ₱0.001 profit in 2Q 2023). Net loss: ₱1.44m (down ₱1.50m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2024 earnings released: ₱0.009 loss per share (vs ₱0.005 loss in 1Q 2023)First quarter 2024 results: ₱0.009 loss per share (further deteriorated from ₱0.005 loss in 1Q 2023). Net loss: ₱1.01m (loss widened 80% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 17Full year 2023 earnings released: ₱0.011 loss per share (vs ₱0.052 profit in FY 2022)Full year 2023 results: ₱0.011 loss per share (down from ₱0.052 profit in FY 2022). Revenue: ₱14.9m (down 79% from FY 2022). Net loss: ₱1.18m (down 121% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 10Third quarter 2023 earnings released: ₱0.002 loss per share (vs ₱0.05 profit in 3Q 2022)Third quarter 2023 results: ₱0.002 loss per share (down from ₱0.05 profit in 3Q 2022). Revenue: ₱1.36m (down 97% from 3Q 2022). Net loss: ₱269.5k (down 105% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesReported Earnings • May 16First quarter 2026 earnings released: ₱0.004 loss per share (vs ₱0.005 loss in 1Q 2025)First quarter 2026 results: ₱0.004 loss per share (improved from ₱0.005 loss in 1Q 2025). Revenue: ₱4.27m (up 162% from 1Q 2025). Net loss: ₱464.2k (loss narrowed 9.8% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 227 percentage points per year, which is a significant difference in performance.Board Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Edelyn Wenceslao was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 18Supercity Realty Development Corporation, Annual General Meeting, Dec 10, 2025Supercity Realty Development Corporation, Annual General Meeting, Dec 10, 2025. Location: tba, PhilippinesReported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.001 (vs ₱0.002 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱0.001 (up from ₱0.002 loss in 3Q 2023). Net income: ₱105.5k (up ₱375.0k from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.お知らせ • Oct 22Supercity Realty Development Corporation, Annual General Meeting, Dec 11, 2024Supercity Realty Development Corporation, Annual General Meeting, Dec 11, 2024.Reported Earnings • Aug 14Second quarter 2024 earnings released: ₱0.013 loss per share (vs ₱0.001 profit in 2Q 2023)Second quarter 2024 results: ₱0.013 loss per share (down from ₱0.001 profit in 2Q 2023). Net loss: ₱1.44m (down ₱1.50m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2024 earnings released: ₱0.009 loss per share (vs ₱0.005 loss in 1Q 2023)First quarter 2024 results: ₱0.009 loss per share (further deteriorated from ₱0.005 loss in 1Q 2023). Net loss: ₱1.01m (loss widened 80% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Board Change • Apr 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Edelyn Wenceslao was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 17Full year 2023 earnings released: ₱0.011 loss per share (vs ₱0.052 profit in FY 2022)Full year 2023 results: ₱0.011 loss per share (down from ₱0.052 profit in FY 2022). Revenue: ₱14.9m (down 79% from FY 2022). Net loss: ₱1.18m (down 121% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 10Third quarter 2023 earnings released: ₱0.002 loss per share (vs ₱0.05 profit in 3Q 2022)Third quarter 2023 results: ₱0.002 loss per share (down from ₱0.05 profit in 3Q 2022). Revenue: ₱1.36m (down 97% from 3Q 2022). Net loss: ₱269.5k (down 105% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₱0.001 (vs ₱0.004 loss in 2Q 2022)Second quarter 2023 results: EPS: ₱0.001 (up from ₱0.004 loss in 2Q 2022). Net income: ₱64.1k (up ₱465.1k from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jun 07Supercity Realty Development Corporation, Annual General Meeting, Jul 26, 2023Supercity Realty Development Corporation, Annual General Meeting, Jul 26, 2023.Reported Earnings • May 03Full year 2022 earnings released: EPS: ₱0.052 (vs ₱0.075 in FY 2021)Full year 2022 results: EPS: ₱0.052 (down from ₱0.075 in FY 2021). Revenue: ₱69.6m (down 17% from FY 2021). Net income: ₱5.70m (down 31% from FY 2021). Profit margin: 8.2% (down from 9.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Roseller Anacito was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ₱0.007 (vs ₱0.017 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.007 (down from ₱0.017 in 2Q 2021). Revenue: ₱7.68m (down 72% from 2Q 2021). Net income: ₱735.2k (down 60% from 2Q 2021). Profit margin: 9.6% (up from 6.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jun 01Supercity Realty Development Corporation, Annual General Meeting, Jul 27, 2022Supercity Realty Development Corporation, Annual General Meeting, Jul 27, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Roseller Anacito was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS ₱0.017 (vs ₱0.017 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: ₱27.4m (up 9.9% from 2Q 2020). Net income: ₱1.83m (flat on 2Q 2020). Profit margin: 6.7% (down from 7.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.収支内訳Supercity Realty Development の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史PSE:SRDC 収益、費用、利益 ( )PHP Millions日付収益収益G+A経費研究開発費31 Mar 2610-13031 Dec 258-12030 Sep 256-87030 Jun 255-87031 Mar 255-97031 Dec 243-97030 Sep 241-32030 Jun 242-32031 Mar 248-22031 Dec 2315-12030 Sep 233603030 Jun 237663031 Mar 237063031 Dec 227062030 Sep 225483030 Jun 223223031 Mar 225953031 Dec 218483030 Sep 2113282030 Jun 21200154031 Mar 21197154031 Dec 20228163030 Sep 20231224030 Jun 20200182031 Mar 20233212031 Dec 19216212030 Sep 19193152030 Jun 19153142031 Mar 19106102031 Dec 186751030 Sep 184492030 Jun 1846102031 Mar 184292031 Dec 173681030 Sep 172412030 Jun 1712-11031 Mar 1713-12031 Dec 1613-11030 Sep 1618-11030 Jun 162001031 Mar 161401031 Dec 151501030 Sep 159-11030 Jun 1511-110質の高い収益: SRDCは現在利益が出ていません。利益率の向上: SRDCは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SRDCは利益が出ておらず、過去 5 年間で損失は年間68.4%の割合で増加しています。成長の加速: SRDCの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: SRDCは利益が出ていないため、過去 1 年間の収益成長をConsumer Durables業界 ( -8.6% ) と比較することは困難です。株主資本利益率高いROE: SRDCは現在利益が出ていないため、自己資本利益率 ( -2.13% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 02:47終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Supercity Realty Development Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 16First quarter 2026 earnings released: ₱0.004 loss per share (vs ₱0.005 loss in 1Q 2025)First quarter 2026 results: ₱0.004 loss per share (improved from ₱0.005 loss in 1Q 2025). Revenue: ₱4.27m (up 162% from 1Q 2025). Net loss: ₱464.2k (loss narrowed 9.8% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 227 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.001 (vs ₱0.002 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱0.001 (up from ₱0.002 loss in 3Q 2023). Net income: ₱105.5k (up ₱375.0k from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 14Second quarter 2024 earnings released: ₱0.013 loss per share (vs ₱0.001 profit in 2Q 2023)Second quarter 2024 results: ₱0.013 loss per share (down from ₱0.001 profit in 2Q 2023). Net loss: ₱1.44m (down ₱1.50m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2024 earnings released: ₱0.009 loss per share (vs ₱0.005 loss in 1Q 2023)First quarter 2024 results: ₱0.009 loss per share (further deteriorated from ₱0.005 loss in 1Q 2023). Net loss: ₱1.01m (loss widened 80% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 17Full year 2023 earnings released: ₱0.011 loss per share (vs ₱0.052 profit in FY 2022)Full year 2023 results: ₱0.011 loss per share (down from ₱0.052 profit in FY 2022). Revenue: ₱14.9m (down 79% from FY 2022). Net loss: ₱1.18m (down 121% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 10Third quarter 2023 earnings released: ₱0.002 loss per share (vs ₱0.05 profit in 3Q 2022)Third quarter 2023 results: ₱0.002 loss per share (down from ₱0.05 profit in 3Q 2022). Revenue: ₱1.36m (down 97% from 3Q 2022). Net loss: ₱269.5k (down 105% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2026 earnings released: ₱0.004 loss per share (vs ₱0.005 loss in 1Q 2025)First quarter 2026 results: ₱0.004 loss per share (improved from ₱0.005 loss in 1Q 2025). Revenue: ₱4.27m (up 162% from 1Q 2025). Net loss: ₱464.2k (loss narrowed 9.8% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 227 percentage points per year, which is a significant difference in performance.
Board Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Edelyn Wenceslao was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 18Supercity Realty Development Corporation, Annual General Meeting, Dec 10, 2025Supercity Realty Development Corporation, Annual General Meeting, Dec 10, 2025. Location: tba, Philippines
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ₱0.001 (vs ₱0.002 loss in 3Q 2023)Third quarter 2024 results: EPS: ₱0.001 (up from ₱0.002 loss in 3Q 2023). Net income: ₱105.5k (up ₱375.0k from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 22Supercity Realty Development Corporation, Annual General Meeting, Dec 11, 2024Supercity Realty Development Corporation, Annual General Meeting, Dec 11, 2024.
Reported Earnings • Aug 14Second quarter 2024 earnings released: ₱0.013 loss per share (vs ₱0.001 profit in 2Q 2023)Second quarter 2024 results: ₱0.013 loss per share (down from ₱0.001 profit in 2Q 2023). Net loss: ₱1.44m (down ₱1.50m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2024 earnings released: ₱0.009 loss per share (vs ₱0.005 loss in 1Q 2023)First quarter 2024 results: ₱0.009 loss per share (further deteriorated from ₱0.005 loss in 1Q 2023). Net loss: ₱1.01m (loss widened 80% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Board Change • Apr 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Edelyn Wenceslao was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 17Full year 2023 earnings released: ₱0.011 loss per share (vs ₱0.052 profit in FY 2022)Full year 2023 results: ₱0.011 loss per share (down from ₱0.052 profit in FY 2022). Revenue: ₱14.9m (down 79% from FY 2022). Net loss: ₱1.18m (down 121% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 10Third quarter 2023 earnings released: ₱0.002 loss per share (vs ₱0.05 profit in 3Q 2022)Third quarter 2023 results: ₱0.002 loss per share (down from ₱0.05 profit in 3Q 2022). Revenue: ₱1.36m (down 97% from 3Q 2022). Net loss: ₱269.5k (down 105% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ₱0.001 (vs ₱0.004 loss in 2Q 2022)Second quarter 2023 results: EPS: ₱0.001 (up from ₱0.004 loss in 2Q 2022). Net income: ₱64.1k (up ₱465.1k from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jun 07Supercity Realty Development Corporation, Annual General Meeting, Jul 26, 2023Supercity Realty Development Corporation, Annual General Meeting, Jul 26, 2023.
Reported Earnings • May 03Full year 2022 earnings released: EPS: ₱0.052 (vs ₱0.075 in FY 2021)Full year 2022 results: EPS: ₱0.052 (down from ₱0.075 in FY 2021). Revenue: ₱69.6m (down 17% from FY 2021). Net income: ₱5.70m (down 31% from FY 2021). Profit margin: 8.2% (down from 9.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Roseller Anacito was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ₱0.007 (vs ₱0.017 in 2Q 2021)Second quarter 2022 results: EPS: ₱0.007 (down from ₱0.017 in 2Q 2021). Revenue: ₱7.68m (down 72% from 2Q 2021). Net income: ₱735.2k (down 60% from 2Q 2021). Profit margin: 9.6% (up from 6.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jun 01Supercity Realty Development Corporation, Annual General Meeting, Jul 27, 2022Supercity Realty Development Corporation, Annual General Meeting, Jul 27, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Roseller Anacito was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS ₱0.017 (vs ₱0.017 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: ₱27.4m (up 9.9% from 2Q 2020). Net income: ₱1.83m (flat on 2Q 2020). Profit margin: 6.7% (down from 7.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.