Metallurgical Corporation of China Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.072 in 3Q 2023)

Simply Wall St·11/01/2024 00:55:29

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Metallurgical Corporation of China (HKG:1618) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥113.8b (down 14% from 3Q 2023).
Net income: CN¥4.50b (up 66% from 3Q 2023).
Profit margin: 4.0% (up from 2.0% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: CN¥0.10 (up from CN¥0.072 in 3Q 2023).

earnings-and-revenue-growth — SEHK:1618 Earnings and Revenue Growth November 1st 2024

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

Metallurgical Corporation of China Earnings Insights

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Metallurgical Corporation of China that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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