Hota Industrial Mfg Second Quarter 2024 Earnings: EPS: NT$0.15 (vs NT$0.77 in 2Q 2023)

Hota Industrial Mfg (TWSE:1536) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.65b (down 7.6% from 2Q 2023).
• Net income: NT$43.4m (down 80% from 2Q 2023).
• Profit margin: 2.6% (down from 12% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: NT$0.15 (down from NT$0.77 in 2Q 2023).

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

Hota Industrial Mfg Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan.

Performance of the Taiwanese Auto Components industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Hota Industrial Mfg (1 is a bit concerning!) that you should be aware of.

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