Nan Ya Plastics Second Quarter 2024 Earnings: Revenues Beat Expectations

Nan Ya Plastics (TWSE:1303) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$66.4b (up 4.2% from 2Q 2023).
• Net income: NT$1.73b (up 84% from 2Q 2023).
• Profit margin: 2.6% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue.

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

Nan Ya Plastics Revenues Beat Expectations

Revenue exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 3.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Nan Ya Plastics' balance sheet and an in-depth analysis of the company's financial position.

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