Mynews Holdings Berhad Third Quarter 2024 Earnings: EPS: RM0.004 (vs RM0.003 loss in 3Q 2023)

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

Key Financial Results

• Revenue: RM207.5m (up 12% from 3Q 2023).
• Net income: RM2.63m (up from RM2.16m loss in 3Q 2023).
• Profit margin: 1.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: RM0.004 (up from RM0.003 loss in 3Q 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 9.8% growth forecast for the Specialty Retail industry in Malaysia.

Performance of the Malaysian Specialty Retail industry.

The company's shares are up 9.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Mynews Holdings Berhad's balance sheet and an in-depth analysis of the company's financial position.

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