Asia Cement Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Asia Cement (TWSE:1102) Full Year 2024 Results

Key Financial Results

• Revenue: NT$76.3b (down 4.8% from FY 2023).
• Net income: NT$12.9b (up 18% from FY 2023).
• Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: NT$3.86 (up from NT$3.28 in FY 2023).

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

Asia Cement EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 17%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.7% growth forecast for the Basic Materials industry in Asia.

Performance of the market in Taiwan.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Asia Cement (at least 1 which is a bit concerning), and understanding these should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.