Mynews Holdings Berhad First Quarter 2024 Earnings: EPS: RM0.002 (vs RM0.005 loss in 1Q 2023)

Mynews Holdings Berhad (KLSE:MYNEWS) First Quarter 2024 Results

Key Financial Results

• Revenue: RM195.5m (up 6.2% from 1Q 2023).
• Net income: RM1.27m (up from RM3.21m loss in 1Q 2023).
• Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
• EPS: RM0.002 (up from RM0.005 loss in 1Q 2023).

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

Mynews Holdings Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Specialty Retail industry in Malaysia.

Performance of the Malaysian Specialty Retail industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Mynews Holdings Berhad that we have uncovered.

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