Solus Advanced Materials Second Quarter 2024 Earnings: EPS: ₩140 (vs ₩32.98 loss in 2Q 2023)

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

Key Financial Results

• Revenue: ₩149.3b (up 48% from 2Q 2023).
• Net income: ₩282.5m (up from ₩14.0b loss in 2Q 2023).
• Profit margin: 0.2% (up from net loss in 2Q 2023).
• EPS: ₩140 (up from ₩32.98 loss in 2Q 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 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Solus Advanced Materials you should be aware of, and 2 of them are potentially serious.

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