TASCO Berhad (KLSE:TASCO) Third Quarter 2023 Results
Key Financial Results
Revenue: RM392.7m (down 14% from 3Q 2022).
Net income: RM20.4m (up 132% from 3Q 2022).
Profit margin: 5.2% (up from 1.9% in 3Q 2022). The increase in margin was driven by lower expenses.
EPS: RM0.026 (up from RM0.011 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TASCO Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Logistics industry in Malaysia.
Performance of the Malaysian Logistics industry.
The company's shares are up 6.1% from a week ago.
We should say that we've discovered 1 warning sign for TASCO Berhad that you should be aware of before investing here.
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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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