Xiamen International AirportLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 09/01 00:52

Xiamen International AirportLtd (SHSE:600897) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥468.6m (up 8.2% from 2Q 2023).
  • Net income: CN¥128.9m (up 39% from 2Q 2023).
  • Profit margin: 28% (up from 21% in 2Q 2023).
  • EPS: CN¥0.31 (up from CN¥0.22 in 2Q 2023).
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SHSE:600897 Earnings and Revenue Growth September 1st 2024

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

Xiamen International AirportLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in China.

Performance of the Chinese Infrastructure industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Xiamen International AirportLtd that we have uncovered.