Frontken Corporation Berhad Third Quarter 2024 Earnings: Misses Expectations

Frontken Corporation Berhad (KLSE:FRONTKN) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM144.3m (up 8.1% from 3Q 2023).
• Net income: RM35.3m (up 32% from 3Q 2023).
• Profit margin: 25% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.022 (up from RM0.017 in 3Q 2023).

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

Frontken Corporation Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in Malaysia.

Performance of the Malaysian Commercial Services industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Frontken Corporation Berhad's balance sheet.

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