Greatech Technology Berhad Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Greatech Technology Berhad (KLSE:GREATEC) Third Quarter 2023 Results

Key Financial Results

• Revenue: RM224.8m (up 43% from 3Q 2022).
• Net income: RM46.7m (up 14% from 3Q 2022).
• Profit margin: 21% (down from 26% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: RM0.037 (up from RM0.033 in 3Q 2022).

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

Greatech Technology Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Malaysia.

Performance of the Malaysian Semiconductor industry.

The company's shares are up 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Greatech Technology Berhad's balance sheet and an in-depth analysis of the company's financial position.

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