Chin Teck Plantations Berhad (KLSE:CHINTEK) Second Quarter 2024 Results
Key Financial Results
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Revenue: RM51.3m (up 11% from 2Q 2023).
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Net income: RM20.8m (up by RM17.9m from 2Q 2023).
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Profit margin: 41% (up from 6.3% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
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EPS: RM0.23 (up from RM0.032 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chin Teck Plantations Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 4.4% pa on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Malaysia.
Performance of the Malaysian food industry.
The company’s shares are up 1.6% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we’ve spotted with Chin Teck Plantations Berhad.
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