Farglory Land Development Third Quarter 2024 Earnings: EPS: NT$1.53 (vs NT$0.77 in 3Q 2023)

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

Key Financial Results

• Revenue: NT$8.95b (up 80% from 3Q 2023).
• Net income: NT$1.20b (up 98% from 3Q 2023).
• Profit margin: 13% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.53 (up from NT$0.77 in 3Q 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 14% p.a. on average during the next 2 years, compared to a 48% growth forecast for the Real Estate industry in Taiwan.

Performance of the Taiwanese Real Estate industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Farglory Land Development you should be aware of, and 1 of them can't be ignored.

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