Korado-Bulgaria AD Reports Second Quarter 2024 Earnings

Korado-Bulgaria AD (BUL:KBG) Second Quarter 2024 Results

Key Financial Results

• Revenue: лв8.82m (down 8.1% from 2Q 2023).
• Net income: лв645.0k (down 21% from 2Q 2023).
• Profit margin: 7.3% (down from 8.5% in 2Q 2023). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Korado-Bulgaria AD Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe.

Performance of the market in Bulgaria.

The company's shares are up 2.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Korado-Bulgaria AD (at least 2 which are potentially serious), and understanding these should be part of your investment process.

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