Hup Seng Industries Berhad Third Quarter 2024 Earnings: EPS: RM0.022 (vs RM0.016 in 3Q 2023)

Hup Seng Industries Berhad (KLSE:HUPSENG) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM104.4m (up 11% from 3Q 2023).
• Net income: RM17.3m (up 33% from 3Q 2023).
• Profit margin: 17% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.022 (up from RM0.016 in 3Q 2023).

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

Hup Seng Industries Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

Be aware that Hup Seng Industries Berhad is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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