China General Plastics Third Quarter 2024 Earnings: Misses Expectations

China General Plastics (TWSE:1305) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.56b (down 24% from 3Q 2023).
• Net loss: NT$411.5m (down by 379% from NT$147.4m profit in 3Q 2023).
• NT$0.71 loss per share (down from NT$0.25 profit in 3Q 2023).

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

China General Plastics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - China General Plastics has 1 warning sign we think you should be aware of.

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