S-Oil Second Quarter 2024 Earnings: ₩183 loss per share (vs ₩193 loss in 2Q 2023)

S-Oil (KRX:010950) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩9.57t (up 22% from 2Q 2023).
• Net loss: ₩21.3b (loss narrowed by 5.0% from 2Q 2023).
• ₩183 loss per share (improved from ₩193 loss in 2Q 2023).

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

S-Oil Earnings Insights

Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South Korea are expected to grow by 3.1%.

Performance of the South Korean Oil and Gas industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with S-Oil, and understanding these should be part of your investment process.

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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.

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