OCK Group Berhad Reports Third Quarter 2024 Earnings

OCK Group Berhad (KLSE:OCK) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM160.2m (down 18% from 3Q 2023).
• Net income: RM7.12m (down 31% from 3Q 2023).
• Profit margin: 4.4% (down from 5.3% in 3Q 2023). The decrease in margin was driven by lower revenue.

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

OCK Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 2.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for OCK Group Berhad (1 is significant!) that you should be aware of before investing here.

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