Hanwha Ocean Full Year 2023 Earnings: EPS: ₩736 (vs ₩16,493 loss in FY 2022)

Hanwha Ocean (KRX:042660) Full Year 2023 Results

Key Financial Results

• Revenue: ₩7.41t (up 52% from FY 2022).
• Net income: ₩159.9b (up from ₩1.74t loss in FY 2022).
• Profit margin: 2.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: ₩736 (up from ₩16,493 loss in FY 2022).

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

Hanwha Ocean Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in South Korea.

Performance of the South Korean Machinery industry.

The company's shares are up 20% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Hanwha Ocean you should know about.

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