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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