Rhong Khen International Berhad First Quarter 2024 Earnings: EPS: RM0.019 (vs RM0.053 in 1Q 2023)

Simply Wall St

December 01, 2023

Rhong Khen International Berhad (KLSE:RKI) First Quarter 2024 Results

Key Financial Results

Revenue: RM120.7m (down 49% from 1Q 2023).
Net income: RM3.71m (down 64% from 1Q 2023).
Profit margin: 3.1% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: RM0.019 (down from RM0.053 in 1Q 2023).

earnings-and-revenue-growth — KLSE:RKI Earnings and Revenue Growth December 1st 2023

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

Rhong Khen International Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Consumer Durables industry in Malaysia.

Performance of the Malaysian Consumer Durables industry.

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

Risk Analysis

We should say that we've discovered 3 warning signs for Rhong Khen International Berhad that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.