Iskandar Waterfront City Berhad Second Quarter 2024 Earnings: EPS: RM0.001 (vs RM0.006 loss in 2Q 2023)

Iskandar Waterfront City Berhad (KLSE:IWCITY) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM38.2m (up 69% from 2Q 2023).
• Net income: RM953.0k (up from RM5.28m loss in 2Q 2023).
• Profit margin: 2.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: RM0.001 (up from RM0.006 loss in 2Q 2023).

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

Iskandar Waterfront City Berhad shares are down 4.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Iskandar Waterfront City Berhad that you need to be mindful of.

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