MAG Holdings Berhad (KLSE:MAG) First Quarter 2023 Results

Key Financial Results

• Revenue: RM30.4m (up 19% from 1Q 2022).

• Net income: RM7.03m (up from RM3.41m loss in 1Q 2022).

• Profit margin: 23% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses.

• EPS: RM0.005 (up from RM0.005 loss in 1Q 2022).

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

MAG Holdings Berhad shares are up 2.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for MAG Holdings Berhad that we have uncovered.

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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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