Tiangong International First Half 2024 Earnings: EPS: CN¥0.067 (vs CN¥0.079 in 1H 2023)

Tiangong International (HKG:826) First Half 2024 Results

Key Financial Results

• Revenue: CN¥2.52b (up 1.0% from 1H 2023).
• Net income: CN¥184.4m (down 16% from 1H 2023).
• Profit margin: 7.3% (down from 8.8% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.067 (down from CN¥0.079 in 1H 2023).

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

Tiangong International Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are up 2.4% 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. See our latest analysis on Tiangong International's balance sheet health.

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