Ann Joo Resources Berhad Full Year 2024 Earnings: Misses Expectations

Ann Joo Resources Berhad (KLSE:ANNJOO) Full Year 2024 Results

Key Financial Results

• Revenue: RM2.52b (flat on FY 2023).
• Net loss: RM288.9m (loss widened by RM286.7m from FY 2023).
• RM0.50 loss per share (further deteriorated from RM0.004 loss in FY 2023).

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

Ann Joo Resources Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 137%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Malaysia.

Performance of the Malaysian Metals and Mining industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ann Joo Resources Berhad (1 makes us a bit uncomfortable) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.