Dufu Technology Berhad (KLSE:DUFU) has released its full-year 2023 financial results, showing a decrease in revenue and profit margin from the previous year. The company’s revenue for FY 2023 was RM227.8m, a decrease of 25% from FY 2022. Net income was also down by 64% to RM24.3m, resulting in a profit margin of only 11%, compared to the previous year’s margin of 22%. The decline in profitability was attributed to lower revenue and earnings per share were down to RM0.046 from RM0.13 in FY 2022.
Although Dufu Technology Berhad’s share price has remained relatively stable over the past week, investors should be aware of certain warning signs and an unpleasant aspect before making any investment decisions. Despite this, our analysis is driven by fundamental data and provides long-term focused insights based on historical data and analyst forecasts. Keep in mind that our analysis may not include the latest price-sensitive company announcements or qualitative information, and Simply Wall St does not hold any positions in the mentioned stocks.
