ViTrox Corporation Berhad Third Quarter 2024 Earnings: Misses Expectations

ViTrox Corporation Berhad (KLSE:VITROX) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM153.0m (up 2.0% from 3Q 2023).
• Net income: RM22.5m (down 33% from 3Q 2023).
• Profit margin: 15% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.012 (down from RM0.018 in 3Q 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 23%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 21% 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 up 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for ViTrox Corporation Berhad (1 doesn't sit too well with us!) that we have uncovered.

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