WCT Holdings Berhad Second Quarter 2024 Earnings: EPS: RM0.022 (vs RM0.009 in 2Q 2023)

WCT Holdings Berhad (KLSE:WCT) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM376.3m (down 11% from 2Q 2023).
• Net income: RM31.3m (up 141% from 2Q 2023).
• Profit margin: 8.3% (up from 3.1% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.022 (up from RM0.009 in 2Q 2023).

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

WCT Holdings Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 8.7% 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 up 1.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for WCT Holdings Berhad that you need to take into consideration.

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