Stock Analysis

Press Metal Aluminium Holdings Berhad Second Quarter 2024 Earnings: EPS Beats Expectations

KLSE:PMETAL
Source: Shutterstock

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).
earnings-and-revenue-growth
KLSE:PMETAL Earnings and Revenue Growth August 30th 2024

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.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.