Southern Steel Berhad First Quarter 2024 Earnings: RM0.066 loss per share (vs RM0.10 loss in 1Q 2023)

Southern Steel Berhad (KLSE:SSTEEL) First Quarter 2024 Results

Key Financial Results

• Revenue: RM601.8m (up 4.8% from 1Q 2023).
• Net loss: RM37.6m (loss narrowed by 39% from 1Q 2023).
• RM0.066 loss per share (improved from RM0.10 loss in 1Q 2023).

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

Southern Steel Berhad shares are down 6.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Southern Steel Berhad (1 is significant!) that you need to be mindful of.

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