Boustead Heavy Industries Corporation Berhad Earnings Warning Signs
Boustead Heavy Industries Corporation Berhad reported a significant improvement in its full-year 2024 earnings, with a profit margin of 3.2% and an EPS of RM0.013, up from a loss of RM1.06 in the previous year. The company's revenue increased by 88% to RM237.1m, driven by a strong recovery in the construction sector. However, despite this positive trend, Boustead Heavy Industries Corporation Berhad shares have declined by 8.1% over the past week.
- The company's transformation from significant losses to profitability highlights the importance of timely management decisions and strategic planning in the industry.
- What specific actions or investments is Boustead Heavy Industries Corporation Berhad expected to make to sustain its growth momentum and protect against future market fluctuations?