Syarikat Takaful Malaysia Keluarga Berhad First Quarter 2024 Earnings: EPS: RM0.12 (vs RM0.11 in 1Q 2023)
Syarikat Takaful Malaysia Keluarga Berhad (KLSE:TAKAFUL) First Quarter 2024 Results
Key Financial Results
Revenue: RM815.3m (up 45% from 1Q 2023).
Net income: RM102.3m (up 9.5% from 1Q 2023).
Profit margin: 13% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: RM0.12 (up from RM0.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Syarikat Takaful Malaysia Keluarga Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Insurance industry in Malaysia.
Performance of the Malaysian Insurance industry.
The company's shares are down 2.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Syarikat Takaful Malaysia Keluarga Berhad (1 is significant!) that you need to be mindful of.
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