PMB Technology Berhad (KLSE:PMBTECH) announced its first quarter 2024 financial results, showing a decline in key metrics 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.
Despite this decline, PMB Technology Berhad forecasts an average annual revenue growth of 9.3% over the next three years, outperforming the industry growth forecast for Malaysia’s Metals and Mining sector of 6.7%. However, the company’s shares are currently down by 2% from a week ago.
Investors should be aware of five warning signs for PMB Technology Berhad (three of which are significant concerns). 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 is intended to provide general analysis based on historical data and analyst forecasts and does not take into account individual objectives or financial situations
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