RM0.001 (compared to RM0.008 in the first quarter of 2023)

PMB Technology Berhad (KLSE:PMBTECH) reported its first quarter 2024 results, with key financial metrics showing a decline compared to the same period in 2023. Revenue decreased by 3.9% to RM264.3m, while net income dropped by 88% to RM1.18m. The profit margin also decreased from 3.5% in 1Q 2023 to 0.4% in 1Q 2024, with earnings per share falling from RM0.008 to RM0.001.

Looking ahead, the company is forecasting an average annual revenue growth of 9.3% over the next 3 years, outperforming the 6.7% growth forecast for the Metals and Mining industry in Malaysia. Despite this positive outlook, the company’s shares are currently down 2.0% from a week ago.

However, it is important to note that there are 5 warning signs for PMB Technology Berhad (3 of which are significant concerns) that investors should be aware of. Feedback on the content of this article can be shared directly with the editorial team, or by emailing editorial-team (at) simplywallst.com.

This article by Simply Wall St provides a general analysis based on historical data and analyst forecasts. It is not intended to serve as financial advice, and does not take into account individual objectives or financial situations. The analysis aims to deliver unbiased insights driven by fundamental data and may not incorporate the most recent company announcements or qualitative information. Simply Wall St does not hold any positions in the stocks mentioned.