Coastal Contracts Bhd Reports Third Quarter 2024 Earnings

Coastal Contracts Bhd (KLSE:COASTAL) Third Quarter 2024 Results

Key Financial Results

• Net loss: RM49.1m (flat on 3Q 2023).
• RM0.092 loss per share.

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

Coastal Contracts Bhd Earnings Insights

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia.

Performance of the Malaysian Machinery industry.

The company's shares are up 2.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Coastal Contracts Bhd's balance sheet.

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