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

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).

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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