BOMESC Offshore Engineering Second Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.20 loss in 2Q 2023)

BOMESC Offshore Engineering (SHSE:603727) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥563.8m (down 4.6% from 2Q 2023).
• Net income: CN¥29.4m (up from CN¥53.0m loss in 2Q 2023).
• Profit margin: 5.2% (up from net loss in 2Q 2023).
• EPS: CN¥0.11 (up from CN¥0.20 loss in 2Q 2023).

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

BOMESC Offshore Engineering Earnings Insights

Looking ahead, revenue is forecast to grow 40% 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 down 8.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for BOMESC Offshore Engineering that you should be aware of.

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