Axiata Group Berhad Second Quarter 2024 Earnings: EPS: RM0.011 (vs RM0.026 loss in 2Q 2023)

Axiata Group Berhad (KLSE:AXIATA) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM5.76b (up 2.9% from 2Q 2023).
• Net income: RM104.4m (up from RM235.9m loss in 2Q 2023).
• Profit margin: 1.8% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: RM0.011 (up from RM0.026 loss in 2Q 2023).

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

Axiata Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 2.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Axiata Group Berhad (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.