Second quarter 2021 earnings released
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: US$1.34b (up 43% from 2Q 2020).
- Net income: US$687.8m (up 417% from 2Q 2020).
- Profit margin: 51% (up from 14% in 2Q 2020).
Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.