IOI Corporation Berhad Third Quarter 2023 Earnings: EPS: RM0.032 (vs RM0.066 in 3Q 2022)

IOI Corporation Berhad (KLSE:IOICORP) Third Quarter 2023 Results

Key Financial Results

• Revenue: RM2.66b (down 35% from 3Q 2022).
• Net income: RM197.4m (down 52% from 3Q 2022).
• Profit margin: 7.4% (down from 10.0% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: RM0.032 (down from RM0.066 in 3Q 2022).

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

IOI Corporation Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat.

Performance of the Malaysian Food industry.

The company's shares are down 7.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for IOI Corporation Berhad you should be aware of, and 1 of them is significant.

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