Ta Ann Holdings Berhad Third Quarter 2023 Earnings: EPS: RM0.15 (vs RM0.23 in 3Q 2022)

Ta Ann Holdings Berhad (KLSE:TAANN) Third Quarter 2023 Results

Key Financial Results

• Revenue: RM489.2m (down 18% from 3Q 2022).
• Net income: RM65.1m (down 36% from 3Q 2022).
• Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: RM0.15 (down from RM0.23 in 3Q 2022).

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

Ta Ann Holdings Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 2.6%.

Performance of the Malaysian Food industry.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for Ta Ann Holdings Berhad that you need to take into consideration.

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