Syn Prop & Tech Reports First Quarter 2024 Earnings

Syn Prop & Tech (BVMF:SYNE3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$112.4m (up 14% from 1Q 2023).
• Net income: R$6.69m (up from R$14.9m loss in 1Q 2023).
• Profit margin: 5.9% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.

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

Syn Prop & Tech Earnings Insights

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Brazil are expected to grow by 7.5%.

Performance of the Brazilian Real Estate industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Be aware that Syn Prop & Tech is showing 1 warning sign in our investment analysis that you should know about...

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