Malayan Cement Berhad Second Quarter 2024 Earnings: EPS: RM0.093 (vs RM0.012 in 2Q 2023)

Malayan Cement Berhad (KLSE:MCEMENT) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM1.16b (up 29% from 2Q 2023).
• Net income: RM121.2m (up by RM105.9m from 2Q 2023).
• Profit margin: 11% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.093 (up from RM0.012 in 2Q 2023).

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

Malayan Cement Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to grow by 2.2%.

Performance of the market in Malaysia.

The company's shares are up 4.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Malayan Cement Berhad that you should be aware of before investing here.

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