Nova Wellness Group Berhad Third Quarter 2024 Earnings: EPS: RM0.006 (vs RM0.009 in 3Q 2023)

Nova Wellness Group Berhad (KLSE:NOVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM10.1m (down 8.7% from 3Q 2023).
• Net income: RM1.84m (down 37% from 3Q 2023).
• Profit margin: 18% (down from 27% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: RM0.006 (down from RM0.009 in 3Q 2023).

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

Nova Wellness Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Personal Products industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 6.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Nova Wellness Group Berhad that you need to be mindful of.

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