Rexit Berhad First Quarter 2024 Earnings: EPS: RM0.016 (vs RM0.014 in 1Q 2023)

Rexit Berhad (KLSE:REXIT) First Quarter 2024 Results

Key Financial Results

• Revenue: RM6.97m (up 6.6% from 1Q 2023).
• Net income: RM2.82m (up 16% from 1Q 2023).
• Profit margin: 40% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.016 (up from RM0.014 in 1Q 2023).

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

Rexit Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Asia.

Performance of the market in Malaysia.

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

Risk Analysis

Be aware that Rexit Berhad is showing 2 warning signs in our investment analysis that you should know about...

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