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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