TRC Synergy Berhad Second Quarter 2024 Earnings: EPS: RM0.011 (vs RM0.021 in 2Q 2023)

TRC Synergy Berhad (KLSE:TRC) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM106.5m (down 60% from 2Q 2023).
• Net income: RM5.36m (down 46% from 2Q 2023).
• Profit margin: 5.0% (up from 3.7% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.011 (down from RM0.021 in 2Q 2023).

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

TRC Synergy Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Malaysia.

Performance of the Malaysian Construction industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for TRC Synergy Berhad (1 makes us a bit uncomfortable) you should be aware of.

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