- Hong Kong
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- Metals and Mining
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- SEHK:3993
CMOC Group Second Quarter 2024 Earnings: EPS Beats Expectations
CMOC Group (HKG:3993) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥56.7b (up 34% from 2Q 2023).
- Net income: CN¥3.35b (up by CN¥2.96b from 2Q 2023).
- Profit margin: 5.9% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.15 (up from CN¥0.018 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CMOC Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Metals and Mining industry in Hong Kong.
Performance of the Hong Kong Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on CMOC Group's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:3993
CMOC Group
Engages in the mining, beneficiation, smelting, and refining of base and rare metals.
Flawless balance sheet and undervalued.