Ramssol Group Berhad Second Quarter 2024 Earnings: EPS: RM0.014 (vs RM0.009 in 2Q 2023)

Ramssol Group Berhad (KLSE:RAMSSOL) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM17.3m (up 71% from 2Q 2023).
• Net income: RM4.35m (up 97% from 2Q 2023).
• Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.014 (up from RM0.009 in 2Q 2023).

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

Ramssol Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Professional Services industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ramssol Group Berhad has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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