Nexen Tire Third Quarter 2024 Earnings: ₩65.00 loss per share (vs ₩512 profit in 3Q 2023)

Nexen Tire (KRX:002350) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩708.5b (up 2.3% from 3Q 2023).
• Net loss: ₩6.70b (down by 113% from ₩52.6b profit in 3Q 2023).
• ₩65.00 loss per share (down from ₩512 profit in 3Q 2023).

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

Nexen Tire Earnings Insights

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea.

Performance of the South Korean Auto Components industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Nexen Tire has 2 warning signs (and 1 which is significant) we think you should know about.

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