Power Corporation of Canada (TSE:POW) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$9.01b (flat on 2Q 2023).

• Net income: CA$730.0m (up 28% from 2Q 2023).

• Profit margin: 8.1% (up from 6.3% in 2Q 2023).

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

Power Corporation of Canada Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Insurance industry in Canada.

Performance of the Canadian Insurance industry.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Power Corporation of Canada's balance sheet.

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