Fulgent Sun International (Holding) First Quarter 2024 Earnings: EPS: NT$1.48 (vs NT$2.50 in 1Q 2023)

Fulgent Sun International (Holding) (TWSE:9802) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.66b (down 47% from 1Q 2023).
• Net income: NT$282.0m (down 41% from 1Q 2023).
• Profit margin: 11% (up from 9.4% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$1.48 (down from NT$2.50 in 1Q 2023).

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

Fulgent Sun International (Holding) Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Luxury industry in Taiwan.

Performance of the Taiwanese Luxury industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Fulgent Sun International (Holding) that you need to be mindful of.

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