Far East Holdings Berhad Second Quarter 2024 Earnings: EPS: RM0.086 (vs RM0.01 in 2Q 2023)
Far East Holdings Berhad (KLSE:FAREAST) Second Quarter 2024 Results
Key Financial Results
- Revenue: RM181.5m (up 83% from 2Q 2023).
- Net income: RM51.4m (up by RM45.4m from 2Q 2023).
- Profit margin: 28% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: RM0.086 (up from RM0.01 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Far East Holdings Berhad shares are up 2.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Far East Holdings Berhad that you should be aware of.
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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.
About KLSE:FAREAST
Far East Holdings Berhad
Engages in the cultivation of oil palms in Malaysia.
Solid track record with excellent balance sheet and pays a dividend.