Petpal Pet Nutrition Technology (SZSE:300673) Q1 2024 Results
Main financial results
- Revenue: CAD 384.4 million (up 142% from Q1 2023).
- Net income: C$41.7 million (up from a loss of C$38.1 million in Q1 2023).
- Margin: 11% (up from net loss in Q1 2023). The transition to profitability was driven by revenue growth.
- EPS: CN¥0.17 (up from loss CN¥0.15 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Petpal Pet Nutrition Technology EPS Exceeds Expectations
Sales were in line with analyst forecasts. Earnings per share (EPS) exceeded analyst estimates by 113%.
Looking ahead, revenues are expected to increase by an average of 20% per year over the next three years, compared to a growth forecast of 13% for China’s food industry.
performance of China’s food industry.
The company’s stock price is up 13% from a week ago.
balance sheet analysis
Although considering the income statement is very important, you can also learn a lot about a company by looking at the balance sheet. As a result of some analysis, we found that See our view on Petpal Pet Nutrition Technology’s balance sheet.
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