Stock Analysis

Flat Glass Group Second Quarter 2024 Earnings: Misses Expectations

SEHK:6865
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Flat Glass Group (HKG:6865) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥4.97b (up 15% from 2Q 2023).
  • Net income: CN¥738.7m (up 29% from 2Q 2023).
  • Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.32 (up from CN¥0.27 in 2Q 2023).
earnings-and-revenue-growth
SEHK:6865 Earnings and Revenue Growth August 29th 2024

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

Flat Glass Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Flat Glass Group has 1 warning sign we think you should be aware of.

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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.