Stock Analysis

Infomina Berhad Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

KLSE:INFOM
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Infomina Berhad (KLSE:INFOM) Full Year 2023 Results

Key Financial Results

  • Revenue: RM251.3m (up 25% from FY 2022).
  • Net income: RM40.9m (up 139% from FY 2022).
  • Profit margin: 16% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: RM0.073 (up from RM0.032 in FY 2022).
earnings-and-revenue-growth
KLSE:INFOM Earnings and Revenue Growth August 1st 2023

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

Infomina Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Infomina Berhad's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.