Texchem Resources Bhd Second Quarter 2024 Earnings: EPS: RM0.008 (vs RM0.053 loss in 2Q 2023)

Texchem Resources Bhd (KLSE:TEXCHEM) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM294.7m (up 23% from 2Q 2023).
• Net income: RM975.0k (up from RM6.26m loss in 2Q 2023).
• Profit margin: 0.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: RM0.008 (up from RM0.053 loss in 2Q 2023).

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

Texchem Resources Bhd Earnings Insights

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Industrials industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Texchem Resources Bhd (1 is significant) you should be aware of.

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