Farglory Land Development First Quarter 2024 Earnings: EPS: NT$0.56 (vs NT$1.41 in 1Q 2023)

Farglory Land Development (TWSE:5522) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.31b (down 43% from 1Q 2023).
• Net income: NT$437.4m (down 60% from 1Q 2023).
• Profit margin: 13% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.56 (down from NT$1.41 in 1Q 2023).

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

Farglory Land Development Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Real Estate industry in Asia.

Performance of the market in Taiwan.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Be aware that Farglory Land Development is showing 2 warning signs in our investment analysis that you should know about...

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