Malaysia Marine and Heavy Engineering Holdings Berhad Third Quarter 2024 Earnings: EPS: RM0.01 (vs RM0.066 loss in 3Q 2023)

Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE:MHB) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM900.3m (up 41% from 3Q 2023).
• Net income: RM15.3m (up from RM105.2m loss in 3Q 2023).
• Profit margin: 1.7% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: RM0.01 (up from RM0.066 loss in 3Q 2023).

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

Malaysia Marine and Heavy Engineering Holdings Berhad Earnings Insights

Looking ahead, revenue is expected to fall by 4.0% p.a. on average during the next 3 years compared to a 5.6% decline forecast for the Energy Services industry in Malaysia.

Performance of the Malaysian Energy Services industry.

The company's shares are up 2.3% 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 Malaysia Marine and Heavy Engineering Holdings Berhad's balance sheet.

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