Asia Cement (TWSE:1102) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$19.0b (down 10% from 2Q 2023).
- Net income: NT$4.24b (up 1.9% from 2Q 2023).
- Profit margin: 22% (up from 20% in 2Q 2023).
- EPS: NT$1.27 (up from NT$1.26 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asia Cement EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.
Performance of the market in Taiwan.
The company's shares are up 6.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Asia Cement (of which 1 doesn't sit too well with us!) you should know about.
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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.
About TWSE:1102
Asia Cement
Engages in the manufacturing and selling cement, clinker, ready-mixed concrete, and cement related products in China, Taiwan, and internationally.
Flawless balance sheet established dividend payer.
