China Petrochemical Development Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

China Petrochemical Development (TWSE:1314) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$7.33b (up 5.7% from 3Q 2023).
• Net loss: NT$577.0m (loss widened by 2.0% from 3Q 2023).
• NT$0.15 loss per share (further deteriorated from NT$0.15 loss in 3Q 2023).

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

China Petrochemical Development Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates.

The company's shares are down 2.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for China Petrochemical Development (1 makes us a bit uncomfortable!) that we have uncovered.

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