MISC Berhad Second Quarter 2024 Earnings: EPS: RM0.12 (vs RM0.10 in 2Q 2023)

Simply Wall St

August 25, 2024

MISC Berhad (KLSE:MISC) Second Quarter 2024 Results

Key Financial Results

Revenue: RM3.33b (down 6.2% from 2Q 2023).
Net income: RM540.9m (up 19% from 2Q 2023).
Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by lower expenses.
EPS: RM0.12 (up from RM0.10 in 2Q 2023).

earnings-and-revenue-growth — KLSE:MISC Earnings and Revenue Growth August 25th 2024

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

MISC Berhad Earnings Insights

Looking ahead, revenue is forecast to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat.

Performance of the market in Malaysia.

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. See our latest analysis on MISC Berhad's balance sheet health.

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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.