E.SUN Financial Holding Company Second Quarter 2024 Earnings: In Line With Expectations

E.SUN Financial Holding Company (TWSE:2884) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$17.4b (up 15% from 2Q 2023).
• Net income: NT$6.45b (up 43% from 2Q 2023).
• Profit margin: 37% (up from 30% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$0.40 (up from NT$0.29 in 2Q 2023).

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

E.SUN Financial Holding Company Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.7% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for E.SUN Financial Holding Company that you should be aware of before investing here.

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