Infoline Tec Group Berhad First Quarter 2024 Earnings: EPS: RM0.001 (vs RM0.007 in 1Q 2023)

Infoline Tec Group Berhad (KLSE:INFOTEC) First Quarter 2024 Results

Key Financial Results

• Revenue: RM22.4m (up 79% from 1Q 2023).
• Net income: RM225.0k (down 91% from 1Q 2023).
• Profit margin: 1.0% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.001 (down from RM0.007 in 1Q 2023).

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

Infoline Tec Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 1.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Infoline Tec Group Berhad has 3 warning signs (and 1 which is concerning) we think you should know about.

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