Asia Polymer Third Quarter 2024 Earnings: Misses Expectations

Asia Polymer (TWSE:1308) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.42b (down 22% from 3Q 2023).
• Net loss: NT$214.7m (down by 231% from NT$164.5m profit in 3Q 2023).
• NT$0.36 loss per share (down from NT$0.28 profit in 3Q 2023).

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

Asia Polymer Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average 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 8.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Asia Polymer you should know about.

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