Able Global Berhad (KLSE:ABLEGLOB) Third Quarter 2022 Results
Key Financial Results
Revenue: RM139.1m (up 18% from 3Q 2021).
Net income: RM8.33m (down 5.0% from 3Q 2021).
Profit margin: 6.0% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: RM0.027 (down from RM0.028 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Able Global Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Food industry in Malaysia.
Performance of the Malaysian Food industry.
The company's shares are up 2.2% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Able Global Berhad that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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