Pos Malaysia Berhad First Quarter 2024 Earnings: RM0.025 loss per share (vs RM0.035 loss in 1Q 2023)

Pos Malaysia Berhad (KLSE:POS) First Quarter 2024 Results

Key Financial Results

• Revenue: RM492.0m (up 2.0% from 1Q 2023).
• Net loss: RM19.7m (loss narrowed by 29% from 1Q 2023).
• RM0.025 loss per share (improved from RM0.035 loss in 1Q 2023).

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

Pos Malaysia Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 6.7% p.a. on average during the next 2 years, while revenues in the Logistics industry in Asia are expected to grow by 9.0%.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Pos Malaysia Berhad you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.