- China
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- Energy Services
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- SHSE:603727
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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About SHSE:603727
BOMESC Offshore Engineering
Provides engineering, procurement, and construction (EPC) services for offshore oil and gas industries.
High growth potential with excellent balance sheet.