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ViTrox Corporation Berhad Second Quarter 2024 Earnings: Misses Expectations
ViTrox Corporation Berhad (KLSE:VITROX) Second Quarter 2024 Results
Key Financial Results
- Revenue: RM142.6m (down 4.5% from 2Q 2023).
- Net income: RM28.1m (down 25% from 2Q 2023).
- Profit margin: 20% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: RM0.015 (down from RM0.02 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ViTrox Corporation Berhad Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia.
Performance of the Malaysian Semiconductor industry.
The company's shares are down 3.8% 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. See our latest analysis on ViTrox Corporation Berhad's balance sheet health.
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About KLSE:VITROX
ViTrox Corporation Berhad
An investment holding company, designs, manufactures, and sells automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries worldwide.