Metallurgical Corporation of China Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.072 in 3Q 2023)

Metallurgical Corporation of China (HKG:1618) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥113.8b (down 14% from 3Q 2023).
• Net income: CN¥4.50b (up 66% from 3Q 2023).
• Profit margin: 4.0% (up from 2.0% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.10 (up from CN¥0.072 in 3Q 2023).

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

Metallurgical Corporation of China Earnings Insights

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Metallurgical Corporation of China that you should be aware of.

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