Solus Advanced Materials Third Quarter 2024 Earnings: ₩239 loss per share (vs ₩2,015 profit in 3Q 2023)

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

Key Financial Results

• Revenue: ₩134.7b (up 21% from 3Q 2023).
• Net loss: ₩21.7b (down by 112% from ₩175.6b profit in 3Q 2023).
• ₩239 loss per share (down from ₩2,015 profit in 3Q 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 13% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are down 6.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Solus Advanced Materials (of which 1 is potentially serious!) you should know about.

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