2024-11-06 11:10:11 :
Alkyl Amine Chemicals second quarter results released live: Alkyl Amine Chemicals announced its second quarter results on November 5, 2024, with both revenue and profit increasing significantly. The company’s revenue increased by 17.82% year-on-year, and its profit increased significantly by 74.23% compared with the same period last year.
However, compared with the previous quarter, revenue increased slightly by 3.8% and profit decreased slightly by 2.89%. This suggests that while the company is performing well year-over-year, there are still some short-term challenges.
The financial report also highlighted the growth of selling, general and administrative expenses, which increased by 3.32% month-on-month and 15.7% year-on-year. If this trend continues, this could impact future profitability.
Operating income decreased by 9.58% month-on-month, but increased significantly by 55.3% year-on-year. Second quarter earnings per share (EPS) was $9.27, a year-on-year increase of 74.25%.
Looking at stock performance, Alkylamine Chemicals returned 4.91% last week and 6.24% over the past six months, but unfortunately has returned -16.04% so far this year.
As of November 6, 2024, the company’s market capitalization is $10,886.86 Crores, a new 52-week high $2735 and low $1808. Analysts are divided on their outlook, with one analyst recommending a strong sell, one recommending a hold, and two recommending a buy.
The current consensus recommendation is a Hold, indicating analysts are taking a cautious approach when assessing the company’s performance and market conditions.
Alkylamine Chemicals Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 414.89 | 399.69 | +3.8% | 352.15 | +17.82% |
| Total Selling/General/Administrative Expenses | 26.75 | 25.89 | +3.32% | 23.12 | +15.7% |
| Depreciation/Amortization | 18.01 | 17.68 | +1.87% | 12.53 | +43.74% |
| total operating expenses | 359.37 | 338.29 | +6.23% | 316.4 | +13.58% |
| operating income | 55.52 | 61.4 | -9.58% | 35.75 | +55.3% |
| net income before tax | 64.33 | 65.91 | -2.4% | 36.43 | +76.59% |
| net income | 47.46 | 48.87 | -2.89% | 27.24 | +74.23% |
| Diluted normalized earnings per share | 9.27 | 9.55 | -2.93% | 5.32 | +74.25% |
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