In This Article:
NIP Group (NASDAQ:NIPG) First Half 2024 Results
Key Financial Results
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Revenue: US$39.3m (up 2.0% from 1H 2023).
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Net income: US$31.3m (up from US$24.0m loss in 1H 2023).
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Profit margin: 80% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses.
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EPS: US$1.61 (up from US$1.42 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NIP Group Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are up 13% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with NIP Group.
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