Reach Energy Berhad Second Quarter 2024 Earnings: RM0.003 loss per share (vs RM0.015 profit in 2Q 2023)

Reach Energy Berhad (KLSE:REACH) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM54.9m (up 8.3% from 2Q 2023).
• Net loss: RM6.65m (down by 120% from RM32.6m profit in 2Q 2023).
• RM0.003 loss per share (down from RM0.015 profit in 2Q 2023).

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

Reach Energy Berhad shares are down 17% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Reach Energy Berhad (2 shouldn't be ignored!) that you need to take into consideration.

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