Muhibbah Engineering (M) Bhd Second Quarter 2024 Earnings: EPS: RM0.031 (vs RM0.007 in 2Q 2023)

Muhibbah Engineering (M) Bhd (KLSE:MUHIBAH) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM631.9m (up 95% from 2Q 2023).
• Net income: RM22.2m (up 333% from 2Q 2023).
• Profit margin: 3.5% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.031 (up from RM0.007 in 2Q 2023).

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

Muhibbah Engineering (M) Bhd Earnings Insights

Looking ahead, revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Construction industry in Malaysia are expected to grow by 14%.

Performance of the Malaysian Construction industry.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Muhibbah Engineering (M) Bhd's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.