- Malaysia
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- Marine and Shipping
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- KLSE:MISC
MISC Berhad Second Quarter 2024 Earnings: EPS: RM0.12 (vs RM0.10 in 2Q 2023)
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).
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.
About KLSE:MISC
MISC Berhad
Provides energy-related maritime solutions and services worldwide.
Established dividend payer with adequate balance sheet.