Solus Advanced Materials First Quarter 2024 Earnings: EPS: ₩18.70 (vs ₩96.69 loss in 1Q 2023)

Solus Advanced Materials (KRX:336370) First Quarter 2024 Results

Key Financial Results

• Revenue: ₩121.3b (up 7.6% from 1Q 2023).
• Net income: ₩1.70b (up from ₩8.42b loss in 1Q 2023).
• Profit margin: 1.4% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: ₩18.70 (up from ₩96.69 loss in 1Q 2023).

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

Solus Advanced Materials Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

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

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