Petron Malaysia Refining & Marketing Bhd Third Quarter 2024 Earnings: EPS: RM0.017 (vs RM0.30 in 3Q 2023)

Simply Wall St

November 22, 2024

Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Third Quarter 2024 Results

Key Financial Results

Revenue: RM3.81b (down 21% from 3Q 2023).
Net income: RM4.63m (down 94% from 3Q 2023).
Profit margin: 0.1% (down from 1.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: RM0.017 (down from RM0.30 in 3Q 2023).

earnings-and-revenue-growth — KLSE:PETRONM Earnings and Revenue Growth November 22nd 2024

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

Petron Malaysia Refining & Marketing Bhd Earnings Insights

Looking ahead, revenue is expected to fall by 5.0% p.a. on average during the next 2 years compared to a 1.6% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 1.9% 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 Petron Malaysia Refining & Marketing Bhd that you need to be mindful of.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.