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Press Metal Aluminium Holdings Berhad Second Quarter 2024 Earnings: EPS Beats Expectations
Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Second Quarter 2024 Results
Key Financial Results
- Revenue: RM3.95b (up 5.2% from 2Q 2023).
- Net income: RM505.8m (up 65% from 2Q 2023).
- Profit margin: 13% (up from 8.1% in 2Q 2023).
- EPS: RM0.061 (up from RM0.037 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Press Metal Aluminium Holdings Berhad EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in Malaysia.
Performance of the Malaysian Metals and Mining industry.
The company's shares are down 3.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Press Metal Aluminium Holdings Berhad's balance sheet health.
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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.
About KLSE:PMETAL
Press Metal Aluminium Holdings Berhad
Engages in manufacturing and trading of aluminum, and smelting and extrusion products in Malaysia, other Asian countries, Europe, the Oceania, Europe, and internationally.
Outstanding track record with flawless balance sheet.