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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