Yahoo Finance Guan Chong Berhad First Quarter 2024 Earnings: EPS: RM0.078 (vs RM0.02 in 1Q 2023)
Guan Chong Berhad (KLSE:GCB) First Quarter 2024 Results
Key Financial Results
Revenue: RM1.87b (up 70% from 1Q 2023).
Net income: RM92.0m (up 287% from 1Q 2023).
Profit margin: 4.9% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: RM0.078 (up from RM0.02 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guan Chong Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Malaysia.
Performance of the Malaysian Food industry.
The company's shares are up 16% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Guan Chong Berhad (at least 2 which are concerning), and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
