Stock Analysis
- United Arab Emirates
- /
- Chemicals
- /
- ADX:BOROUGE
Borouge First Quarter 2024 Earnings: EPS: US$0.01 (vs US$0.007 in 1Q 2023)
Borouge (ADX:BOROUGE) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.30b (down 5.8% from 1Q 2023).
- Net income: US$270.6m (up 37% from 1Q 2023).
- Profit margin: 21% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.01 (up from US$0.007 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Borouge Earnings Insights
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in Asia.
Performance of the market in United Arab Emirates.
The company's shares are up 2.1% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Borouge.
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About ADX:BOROUGE
Borouge
Through its subsidiaries, engages in the provision of polymer solutions in Asia, the Middle East, and Africa.
Good value with proven track record.