Coastal Contracts Bhd Second Quarter 2024 Earnings: EPS: RM0.026 (vs RM0.093 loss in 2Q 2023)

Simply Wall St · 08/30 22:01

Coastal Contracts Bhd (KLSE:COASTAL) Second Quarter 2024 Results

Key Financial Results

  • Revenue: RM14.1m (down 75% from 2Q 2023).
  • Net income: RM13.6m (up from RM49.6m loss in 2Q 2023).
  • Profit margin: 97% (up from net loss in 2Q 2023).
  • EPS: RM0.026 (up from RM0.093 loss in 2Q 2023).
earnings-and-revenue-growth
KLSE:COASTAL Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coastal Contracts Bhd Earnings Insights

Looking ahead, revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Machinery industry in Malaysia are expected to grow by 15%.

Performance of the Malaysian Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Coastal Contracts Bhd that you should be aware of before investing here.