Patec Precision Industry Third Quarter 2024 Earnings: NT$1.29 loss per share (vs NT$0.71 profit in 3Q 2023)

Patec Precision Industry (TWSE:2236) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$420.7m (down 13% from 3Q 2023).
• Net loss: NT$66.6m (down by 302% from NT$33.0m profit in 3Q 2023).
• NT$1.29 loss per share (down from NT$0.71 profit in 3Q 2023).

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

Patec Precision Industry Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan.

Performance of the Taiwanese Auto Components industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Patec Precision Industry that you need to take into consideration.

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