QES Group Berhad First Quarter 2024 Earnings: EPS: RM0.003 (vs RM0.006 in 1Q 2023)

QES Group Berhad (KLSE:QES) First Quarter 2024 Results

Key Financial Results

• Revenue: RM56.4m (down 1.5% from 1Q 2023).
• Net income: RM2.51m (down 47% from 1Q 2023).
• Profit margin: 4.4% (down from 8.3% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: RM0.003 (down from RM0.006 in 1Q 2023).

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

QES Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Malaysia.

Performance of the Malaysian Electronic industry.

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 have a graphic representation of QES Group Berhad's balance sheet and an in-depth analysis of the company's financial position.

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