The company reported a strong first quarter result with improved earnings, revenues and profit margins.First quarter 2022 results:
- Revenue: US$3.12b (up 35% from 1Q 2021).
- Net income: US$526.0m (up 136% from 1Q 2021).
- Profit margin: 17% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.