Icon Offshore Berhad Full Year 2023 Earnings: EPS: RM0.009 (vs RM0.31 in FY 2022)

Icon Offshore Berhad (KLSE:ICON) Full Year 2023 Results

Key Financial Results

• Revenue: RM199.8m (down 30% from FY 2022).
• Net income: RM4.86m (down 97% from FY 2022).
• Profit margin: 2.4% (down from 60% in FY 2022).
• EPS: RM0.009 (down from RM0.31 in FY 2022).

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

Icon Offshore Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Energy Services industry in Malaysia.

Performance of the Malaysian Energy Services industry.

The company's shares are down 21% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for Icon Offshore Berhad you should be aware of.

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