InnoTek Full Year 2023 Earnings: EPS: S$0.02 (vs S$0.01 in FY 2022)

InnoTek (SGX:M14) Full Year 2023 Results

Key Financial Results

• Revenue: S$205.6m (up 10% from FY 2022).
• Net income: S$4.66m (up 107% from FY 2022).
• Profit margin: 2.3% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: S$0.02 (up from S$0.01 in FY 2022).

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

The primary driver behind last 12 months revenue was the Mansfield - Precision Components and Tooling segment contributing a total revenue of S$265.2m (129% of total revenue). Notably, cost of sales worth S$172.6m amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$24.8m (87% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of S$176.0k. Explore how M14's revenue and expenses shape its earnings.

InnoTek shares are up 1.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - InnoTek has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

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