Glomac Berhad (KLSE:GLOMAC) Third Quarter 2024 Results
Key Financial Results
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Revenue: RM89.4m (up 35% from 3Q 2023).
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Net income: RM3.81m (up by RM3.39m from 3Q 2023).
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Profit margin: 4.3% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue.
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EPS: RM0.005 (up from RM0.001 in 3Q 2023).
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% pa on average during the next 3 years, compared to an 8.3% growth forecast for the Real Estate industry in Malaysia.
Performance of the Malaysian Real Estate industry.
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 them 3 warning signs for Glomac Berhad you should know about.
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