Thong Guan Industries Berhad Full Year 2023 Earnings: EPS Misses Expectations

Thong Guan Industries Berhad (KLSE:TGUAN) Full Year 2023 Results

Key Financial Results

• Revenue: RM1.24b (down 11% from FY 2022).

• Net income: RM71.0m (down 29% from FY 2022).

• Profit margin: 5.7% (down from 7.2% in FY 2022). The decrease in margin was driven by lower revenue.

• EPS: RM0.18 (down from RM0.26 in FY 2022).

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

Thong Guan Industries Berhad EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia.

Performance of the market in Malaysia.

The company’s shares are down 2.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Thong Guan Industries Berhad has 1 warning sign we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.