VETECE Holdings Berhad Past Earnings Performance
Past criteria checks 0/6
VETECE Holdings Berhad's earnings have been declining at an average annual rate of -9.4%, while the IT industry saw earnings growing at 31.9% annually. Revenues have been growing at an average rate of 0.2% per year. VETECE Holdings Berhad's return on equity is 2.9%, and it has net margins of 6%.
Key information
-9.4%
Earnings growth rate
-20.2%
EPS growth rate
| IT Industry Growth | 25.8% |
| Revenue growth rate | 0.2% |
| Return on equity | 2.9% |
| Net Margin | 6.0% |
| Last Earnings Update | 31 Aug 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How VETECE Holdings Berhad makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Aug 24 | 19 | 1 | 2 | 0 |
| 31 Aug 23 | 23 | 7 | 1 | 0 |
| 31 Aug 22 | 21 | 4 | 1 | 0 |
| 31 Aug 21 | 20 | 3 | 1 | 0 |
Quality Earnings: VTC has a large one-off loss of MYR2.9M impacting its last 12 months of financial results to 31st August, 2024.
Growing Profit Margin: VTC's current net profit margins (6%) are lower than last year (28.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if VTC's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: VTC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VTC had negative earnings growth (-82.3%) over the past year, making it difficult to compare to the IT industry average (9.8%).
Return on Equity
High ROE: VTC's Return on Equity (2.9%) is considered low.