Offshore Oil EngineeringLtd Third Quarter 2024 Earnings: EPS: CN¥0.12 (vs CN¥0.09 in 3Q 2023)

Offshore Oil EngineeringLtd (SHSE:600583) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥7.00b (up 7.3% from 3Q 2023).
• Net income: CN¥548.0m (up 41% from 3Q 2023).
• Profit margin: 7.8% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.12 (up from CN¥0.09 in 3Q 2023).

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

Offshore Oil EngineeringLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in China.

Performance of the Chinese Energy Services industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Offshore Oil EngineeringLtd that you need to be mindful of.

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