KMC (Kuei Meng) International Third Quarter 2024 Earnings: Revenues Disappoint

KMC (Kuei Meng) International (TWSE:5306) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.37b (up 18% from 3Q 2023).
• Net income: NT$320.3m (up 101% from 3Q 2023).
• Profit margin: 23% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$2.54 (up from NT$1.27 in 3Q 2023).

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

KMC (Kuei Meng) International Revenues Disappoint

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Leisure industry in Taiwan.

Performance of the Taiwanese Leisure industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for KMC (Kuei Meng) International that you should be aware of.

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