Visual China GroupLtd Second Quarter 2024 Earnings: EPS: CN¥0.05 (vs CN¥0.049 in 2Q 2023)

Simply Wall St · 08/31 00:40

Visual China GroupLtd (SZSE:000681) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥224.2m (down 6.1% from 2Q 2023).
  • Net income: CN¥35.0m (up 2.2% from 2Q 2023).
  • Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.05 (up from CN¥0.049 in 2Q 2023).
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SZSE:000681 Earnings and Revenue Growth August 31st 2024

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

Visual China GroupLtd Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Asia.

Performance of the market in China.

The company's shares are up 3.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Visual China GroupLtd you should be aware of.