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Glomac Berhad Third Quarter 2024 Earnings: EPS: RM0.005 (vs RM0.001 in 3Q 2023)

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Glomac Berhad (KLSE:GLOMAC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: RM89.4m (up 35% from 3Q 2023).

  • Net income: RM3.81m (up by RM3.39m from 3Q 2023).

  • Profit margin: 4.3% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue.

  • EPS: RM0.005 (up from RM0.001 in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Glomac Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Real Estate industry in Malaysia.

Performance of the Malaysian Real Estate industry.

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The company's shares are up 5.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Glomac 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.