KGI Financial Holding Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

KGI Financial Holding (TWSE:2883) Full Year 2024 Results

Key Financial Results

• Revenue: NT$47.3b (down 83% from FY 2023).
• Net income: NT$33.6b (up 77% from FY 2023).
• Profit margin: 71% (up from 6.9% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: NT$1.97 (up from NT$1.13 in FY 2023).

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

KGI Financial Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, while revenues in the Insurance industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

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

Risk Analysis

Be aware that KGI Financial Holding is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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