Petra Energy Berhad Third Quarter 2024 Earnings: EPS: RM0.096 (vs RM0.051 in 3Q 2023)

Petra Energy Berhad (KLSE:PENERGY) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM133.7m (down 10% from 3Q 2023).
• Net income: RM30.8m (up 87% from 3Q 2023).
• Profit margin: 23% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.096 (up from RM0.051 in 3Q 2023).

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

Petra Energy Berhad shares are up 5.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Petra Energy Berhad that you need to be mindful of.

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