Mi Technovation Berhad Third Quarter 2024 Earnings: RM0.008 loss per share (vs RM0.016 profit in 3Q 2023)

Mi Technovation Berhad (KLSE:MI) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM117.7m (up 20% from 3Q 2023).
• Net loss: RM7.20m (down by 151% from RM14.2m profit in 3Q 2023).
• RM0.008 loss per share (down from RM0.016 profit in 3Q 2023).

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

Mi Technovation Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Malaysia.

Performance of the Malaysian Semiconductor industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

Be aware that Mi Technovation Berhad is showing 1 warning sign in our investment analysis that you should know about...

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