Chinese Maritime Transport Third Quarter 2024 Earnings: EPS Beats Expectations

Chinese Maritime Transport (TWSE:2612) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.22b (up 17% from 3Q 2023).
• Net income: NT$117.3m (up 81% from 3Q 2023).
• Profit margin: 9.6% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$0.59 (up from NT$0.33 in 3Q 2023).

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

Chinese Maritime Transport EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Shipping industry in Taiwan.

Performance of the Taiwanese Shipping industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Chinese Maritime Transport that you should be aware of.

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