ELSOFT RESEARCH BERHAD Full Year 2024 Earnings: EPS: RM0.003 (vs RM0.01 in FY 2023)
Elsoft Research Berhad's revenue declined by 14% to RM13.9m in FY 2024, with a significant decrease in profit margin from 44% in FY 2023 to 16%. The company's net income also plummeted by 69% to RM2.16m. This drastic decline is largely attributed to increased expenses.
- The alarming drop in Elsoft Research Berhad's financial performance raises concerns about the sustainability of its business model, highlighting the need for a thorough analysis of the underlying factors contributing to this decline.
- What specific strategies or interventions can investors expect to see from the company's management to address these issues and restore investor confidence in the long term?