Engtex Group Berhad Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Engtex Group Berhad (KLSE:ENGTEX) Full Year 2023 Results

Key Financial Results

• Revenue: RM1.47b (up 1.8% from FY 2022).
• Net income: RM10.1m (down 69% from FY 2022).
• Profit margin: 0.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: RM0.023 (down from RM0.075 in FY 2022).

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

Engtex Group Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Malaysia.

Performance of the Malaysian Trade Distributors industry.

The company's share price is broadly unchanged 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 Engtex Group Berhad (at least 1 which is potentially serious), and understanding them should be part of your investment process.

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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.