Befar GroupLtd Reports Second Quarter 2024 Earnings

Simply Wall St · 08/31 00:02

Befar GroupLtd (SHSE:601678) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥2.61b (up 56% from 2Q 2023).
  • Net income: CN¥75.7m (down 3.2% from 2Q 2023).
  • Profit margin: 2.9% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
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SHSE:601678 Earnings and Revenue Growth August 31st 2024

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

Befar GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Befar GroupLtd (including 1 which is a bit concerning).