Formosa Laboratories Third Quarter 2024 Earnings: EPS: NT$0.19 (vs NT$0.95 loss in 3Q 2023)

Formosa Laboratories (TWSE:4746) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.03b (down 8.7% from 3Q 2023).
• Net income: NT$22.4m (up from NT$114.6m loss in 3Q 2023).
• Profit margin: 2.2% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: NT$0.19 (up from NT$0.95 loss in 3Q 2023).

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

Formosa Laboratories Earnings Insights

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 62% growth forecast for the Pharmaceuticals industry in Taiwan.

Performance of the Taiwanese Pharmaceuticals industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Formosa Laboratories (at least 1 which can't be ignored), and understanding these should be part of your investment process.

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