Tan Chong Motor Holdings Berhad Second Quarter 2024 Earnings: RM0.061 loss per share (vs RM0.028 loss in 2Q 2023)

Tan Chong Motor Holdings Berhad (KLSE:TCHONG) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM545.1m (down 12% from 2Q 2023).
• Net loss: RM40.1m (loss widened by 121% from 2Q 2023).
• RM0.061 loss per share (further deteriorated from RM0.028 loss in 2Q 2023).

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

Tan Chong Motor Holdings Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Auto industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Tan Chong Motor Holdings Berhad that you should be aware of.

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