Sarawak Oil Palms Berhad Third Quarter 2023 Earnings: EPS: RM0.11 (vs RM0.092 in 3Q 2022)

Sarawak Oil Palms Berhad (KLSE:SOP) Third Quarter 2023 Results

Key Financial Results

• Revenue: RM1.27b (down 3.8% from 3Q 2022).
• Net income: RM94.6m (up 15% from 3Q 2022).
• Profit margin: 7.4% (up from 6.2% in 3Q 2022). The increase in margin was driven by lower expenses.
• EPS: RM0.11 (up from RM0.092 in 3Q 2022).

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

Sarawak Oil Palms Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 2.5%.

Performance of the Malaysian Food industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Sarawak Oil Palms Berhad that we have uncovered.

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