Mi Technovation Berhad (KLSE:MI) Second Quarter 2024 Results
Key Financial Results
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Revenue: RM127.2m (up 51% from 2Q 2023).
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Net income: RM27.6m (up 21% from 2Q 2023).
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Profit margin: 22% (down from 27% in 2Q 2023). The decrease in margin was driven by higher expenses.
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EPS: RM0.031 (up from RM0.025 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mi Technovation Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia.
Performance of the Malaysian Semiconductor industry.
The company's shares are up 8.1% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Mi Technovation Berhad's balance sheet health.
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