Ramssol Group Berhad (KLSE:RAMSSOL) First Quarter 2024 Results
Key Financial Results
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Revenue: RM14.4m (up 124% from 1Q 2023).
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Net income: RM4.17m (up 99% from 1Q 2023).
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Profit margin: 29% (down from 33% in 1Q 2023). The decrease in margin was driven by higher expenses.
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EPS: RM0.013 (up from RM0.009 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ramsol Group Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 20% pa on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia.
Performance of the market in Malaysia.
The company’s shares are up 12% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we also found 3 warning signs for Ramssol Group Berhad (1 is a bit concerning!) that you need to be mindful of.
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