Taiwan Hon Chuan Enterprise Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Taiwan Hon Chuan Enterprise (TWSE:9939) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$7.50b (up 3.8% from 2Q 2023).
• Net income: NT$868.8m (up 12% from 2Q 2023).
• Profit margin: 12% (in line with 2Q 2023).
• EPS: NT$3.02 (up from NT$2.69 in 2Q 2023).

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

Taiwan Hon Chuan Enterprise EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia.

Performance of the market in Taiwan.

The company's shares are up 7.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Taiwan Hon Chuan Enterprise has 3 warning signs we think you should be aware of.

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