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Tiong Woon Corporation Holding First Half 2024 Earnings: EPS: S$0.046 (vs S$0.031 in 1H 2023)

Tiong Woon Corporation Holding (SGX:BQM) First Half 2024 Results

Key Financial Results

  • Revenue: S$75.3m (up 14% from 1H 2023).

  • Net income: S$10.8m (up 49% from 1H 2023).

  • Profit margin: 14% (up from 11% in 1H 2023).

  • EPS: S$0.046 (up from S$0.031 in 1H 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Tiong Woon Corporation Holding Earnings Insights

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia.

Performance of the market in Singapore.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Tiong Woon Corporation Holding that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.