China National Building Material (HKG:3323) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥46.4b (down 20% from 2Q 2023).
- Net loss: CN¥668.1m (down by 135% from CN¥1.93b profit in 2Q 2023).
- CN¥0.079 loss per share (down from CN¥0.23 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China National Building Material Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for China National Building Material (1 doesn't sit too well with us!) that we have uncovered.
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