International CSRC Investment Holdings Full Year 2023 Earnings: Misses Expectations

International CSRC Investment Holdings (TWSE:2104) Full Year 2023 Results

Key Financial Results

• Revenue: NT$17.9b (down 24% from FY 2022).
• Net loss: NT$494.4m (down by 173% from NT$679.4m profit in FY 2022).
• NT$0.51 loss per share (down from NT$0.70 profit in FY 2022).

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

International CSRC Investment Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 96%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on International CSRC Investment Holdings' balance sheet health.

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