China National Building Material (HKG:3323) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥50.8b (down 11% from 3Q 2023).
- Net income: CN¥1.33b (up 41% from 3Q 2023).
- Profit margin: 2.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.16 (up from CN¥0.11 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China National Building Material Earnings Insights
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's shares are up 2.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for China National Building Material (1 is a bit unpleasant!) that you should be aware of.
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