Anhui Conch Cement First Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.48 in 1Q 2023)

Anhui Conch Cement (HKG:914) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥21.3b (down 32% from 1Q 2023).
• Net income: CN¥1.50b (down 41% from 1Q 2023).
• Profit margin: 7.0% (down from 8.1% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.28 (down from CN¥0.48 in 1Q 2023).

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

Anhui Conch Cement Earnings Insights

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Basic Materials industry in Hong Kong.

Performance of the Hong Kong Basic Materials industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Anhui Conch Cement that you should be aware of before investing here.

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