Taita Chemical Company Second Quarter 2024 Earnings: Beats Expectations

Taita Chemical Company (TWSE:1309) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$4.94b (up 38% from 2Q 2023).
• Net loss: NT$39.4m (loss widened by 140% from 2Q 2023).
• NT$0.10 loss per share (further deteriorated from NT$0.041 loss in 2Q 2023).

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

Taita Chemical Company Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 6.0% 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 up 7.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Taita Chemical Company's balance sheet.

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