Aurelius Technologies Berhad Full Year 2023 Earnings: Revenues Disappoint

Aurelius Technologies Berhad (KLSE:ATECH) Full Year 2023 Results

Key Financial Results

• Revenue: RM420.6m (down 13% from FY 2022).
• Net income: RM41.7m (up 12% from FY 2022).
• Profit margin: 9.9% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: RM0.11 (up from RM0.10 in FY 2022).

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

Aurelius Technologies Berhad Revenues Disappoint

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the AMERICAS segment contributing a total revenue of RM218.0m (52% of total revenue). Notably, cost of sales worth RM366.1m amounted to 87% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM13.0m (99% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of RM441.9k. Explore how ATECH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Malaysia.

Performance of the Malaysian Electronic industry.

The company's shares are up 9.4% 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. See our latest analysis on Aurelius Technologies Berhad's balance sheet health.

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