King's Town Construction Second Quarter 2024 Earnings: EPS: NT$0.95 (vs NT$0.034 loss in 2Q 2023)

King's Town Construction (TWSE:2524) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.29b (up 170% from 2Q 2023).
• Net income: NT$352.3m (up from NT$12.7m loss in 2Q 2023).
• Profit margin: 27% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: NT$0.95 (up from NT$0.034 loss in 2Q 2023).

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

King's Town Construction Earnings Insights

Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 16%.

Performance of the Taiwanese Real Estate industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for King's Town Construction that you should be aware of.

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