Chin Well Holdings Berhad Full Year 2024 Earnings: Misses Expectations

Chin Well Holdings Berhad (KLSE:CHINWEL) Full Year 2024 Results

Key Financial Results

• Revenue: RM343.2m (down 25% from FY 2023).
• Net income: RM8.67m (down 78% from FY 2023).
• Profit margin: 2.5% (down from 8.5% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.03 (down from RM0.14 in FY 2023).

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

Chin Well Holdings Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Malaysia.

Performance of the Malaysian Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Chin Well Holdings Berhad you should be aware of.

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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.