Tenaga Nasional Berhad First Quarter 2024 Earnings: Misses Expectations

Tenaga Nasional Berhad (KLSE:TENAGA) First Quarter 2024 Results

Key Financial Results

• Revenue: RM16.0b (down 1.6% from 1Q 2023).
• Net income: RM715.7m (down 29% from 1Q 2023).
• Profit margin: 4.5% (down from 6.2% in 1Q 2023).
• EPS: RM0.12 (down from RM0.17 in 1Q 2023).

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

Tenaga Nasional Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 42%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Tenaga Nasional Berhad (1 is significant!) that you should be aware of.

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