Stock Analysis

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

Published
KOSE:A336370

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).
KOSE:A336370 Earnings and Revenue Growth October 25th 2024

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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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.