Stock Analysis
- Malaysia
- /
- Specialty Stores
- /
- KLSE:MYNEWS
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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About KLSE:MYNEWS
Mynews Holdings Berhad
Mynews Holdings Berhad, an investment holding company, engages in the retail and convenience store businesses on Malaysia.