P.I.E. Industrial Berhad Full Year 2023 Earnings: Beats Expectations

P.I.E. Industrial Berhad (KLSE:PIE) Full Year 2023 Results

Key Financial Results

• Revenue: RM1.22b (up 4.4% from FY 2022).
• Net income: RM73.6m (up 5.1% from FY 2022).
• Profit margin: 6.0% (in line with FY 2022).
• EPS: RM0.19 (up from RM0.18 in FY 2022).

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

P.I.E. Industrial Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Malaysia.

Performance of the Malaysian Electrical industry.

The company's shares are up 51% from a week ago.

Risk Analysis

Be aware that P.I.E. Industrial Berhad is showing 1 warning sign in our investment analysis that you should know about...

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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.