S&D Co (260970) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩81.5 billion, down from ₩88.3 billion year-over-year.

• Operating income for the same period was ₩13.7 billion, up from ₩12.9 billion year-over-year.

• Net income for the period was ₩11.2 billion, compared to ₩11.9 billion in the previous year.

• The company completed a major share buyback and cancellation, reducing outstanding shares by 1,166,666.

Financial highlights

• Gross margin for the period was ₩19.7 billion, up from ₩17.5 billion year-over-year.

• Basic EPS for the nine months was ₩3,334, up from ₩2,925 year-over-year.

• Total assets at quarter-end were ₩82.96 billion, with equity of ₩62.46 billion and liabilities of ₩20.16 billion.

• Cash and cash equivalents at quarter-end were ₩16.78 billion.

Outlook and guidance

• No specific forward guidance provided, but the company is preparing for business diversification and new business opportunities.

• No immediate plans for new business launches despite recent expansion of business purposes.