Hiap Teck Venture Berhad Third Quarter 2024 Earnings: EPS: RM0.027 (vs RM0.009 in 3Q 2023)

Hiap Teck Venture Berhad (KLSE:HIAPTEK) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM399.7m (up 7.1% from 3Q 2023).
• Net income: RM46.8m (up 212% from 3Q 2023).
• Profit margin: 12% (up from 4.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: RM0.027 (up from RM0.009 in 3Q 2023).

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

Hiap Teck Venture Berhad Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Metals and Mining industry in Malaysia.

Performance of the Malaysian Metals and Mining industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Hiap Teck Venture Berhad you should be aware of.

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