Thong Guan Industries Berhad Third Quarter 2024 Earnings: EPS: RM0.038 (vs RM0.056 in 3Q 2023)

Thong Guan Industries Berhad (KLSE:TGUAN) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM329.3m (up 3.8% from 3Q 2023).
• Net income: RM15.0m (down 32% from 3Q 2023).
• Profit margin: 4.6% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.038 (down from RM0.056 in 3Q 2023).

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

Thong Guan Industries Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Packaging industry in Malaysia.

Performance of the Malaysian Packaging industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Thong Guan Industries Berhad that you should be aware of.

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