BOMESC Offshore Engineering Third Quarter 2024 Earnings: EPS: CN¥0.11 (vs CN¥0.057 loss in 3Q 2023)

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

Key Financial Results

• Revenue: CN¥697.9m (up 59% from 3Q 2023).
• Net income: CN¥31.3m (up from CN¥15.1m loss in 3Q 2023).
• Profit margin: 4.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: CN¥0.11 (up from CN¥0.057 loss in 3Q 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 13% growth forecast for the Energy Services industry in China.

Performance of the Chinese Energy Services industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

Be aware that BOMESC Offshore Engineering is showing 1 warning sign in our investment analysis that you should know about...

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