Korea Gas Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Korea Gas (KRX:036460) Full Year 2024 Results

Key Financial Results

• Revenue: ₩38t (down 14% from FY 2023).
• Net income: ₩1.15t (up from ₩761.2b loss in FY 2023).
• Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: ₩13,174 (up from ₩8,949 loss in FY 2023).

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

Korea Gas EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 2.9%.

Performance of the market in South Korea.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Korea Gas has 2 warning signs we think you should be aware of.

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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.