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

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).

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.

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