SK Innovation Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

SK Innovation (KRX:096770) Full Year 2024 Results

Key Financial Results

• Revenue: ₩75t (down 3.3% from FY 2023).
• Net loss: ₩2.26t (down from ₩256.3b profit in FY 2023).
• ₩21,541 loss per share (down from ₩2,808 profit in FY 2023).

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

SK Innovation Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in South Korea.

Performance of the South Korean Oil and Gas industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for SK Innovation (2 can't be ignored!) that you need to take into consideration.

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