United U-LI Corporation Berhad Third Quarter 2024 Earnings: EPS: RM0.028 (vs RM0.052 in 3Q 2023)

United U-LI Corporation Berhad (KLSE:ULICORP) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM60.9m (down 12% from 3Q 2023).
• Net income: RM6.18m (down 46% from 3Q 2023).
• Profit margin: 10% (down from 16% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.028 (down from RM0.052 in 3Q 2023).

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

United U-LI Corporation Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Building industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 9.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for United U-LI Corporation Berhad that you need to take into consideration.

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