Globetronics Technology Bhd First Quarter 2024 Earnings: EPS: RM0.009 (vs RM0.005 in 1Q 2023)

Globetronics Technology Bhd (KLSE:GTRONIC) First Quarter 2024 Results

Key Financial Results

• Revenue: RM29.9m (down 9.7% from 1Q 2023).
• Net income: RM5.72m (up 73% from 1Q 2023).
• Profit margin: 19% (up from 10.0% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.009 (up from RM0.005 in 1Q 2023).

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

Globetronics Technology Bhd Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 down 4.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Globetronics Technology Bhd you should know about.

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