Korea Investment Holdings Second Quarter 2024 Earnings: EPS: ₩5,362 (vs ₩3,398 in 2Q 2023)

Korea Investment Holdings (KRX:071050) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩2.19t (down 34% from 2Q 2023).
• Net income: ₩280.5b (up 41% from 2Q 2023).
• Profit margin: 13% (up from 6.0% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: ₩5,362 (up from ₩3,398 in 2Q 2023).

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

Korea Investment Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 63% decline forecast for the Capital Markets industry in South Korea.

Performance of the South Korean Capital Markets industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Korea Investment Holdings that you need to take into consideration.

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