Bright Dairy & FoodLtd Second Quarter 2024 Earnings: EPS: CN¥0.073 (vs CN¥0.11 in 2Q 2023)

Simply Wall St · 09/01 00:55

Bright Dairy & FoodLtd (SHSE:600597) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥6.30b (down 11% from 2Q 2023).
  • Net income: CN¥108.1m (down 28% from 2Q 2023).
  • Profit margin: 1.7% (down from 2.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: CN¥0.073 (down from CN¥0.11 in 2Q 2023).
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SHSE:600597 Earnings and Revenue Growth September 1st 2024

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

Bright Dairy & FoodLtd Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

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

Risk Analysis

We should say that we've discovered 2 warning signs for Bright Dairy & FoodLtd (1 is potentially serious!) that you should be aware of before investing here.