Triumph New Energy Second Quarter 2024 Earnings: CN¥0.067 loss per share (vs CN¥0.17 profit in 2Q 2023)

Simply Wall St · 08/31 01:06

Triumph New Energy (HKG:1108) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.54b (up 14% from 2Q 2023).
  • Net loss: CN¥48.4m (down by 142% from CN¥116.3m profit in 2Q 2023).
  • CN¥0.067 loss per share (down from CN¥0.17 profit in 2Q 2023).
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SEHK:1108 Earnings and Revenue Growth August 31st 2024

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

Triumph New Energy Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Building industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Triumph New Energy (1 is a bit concerning!) that you should be aware of before investing here.