Engtex Group Berhad Sees Slight Earnings Growth in FY2024 Amid Market Uncertainty
The Engtex Group Berhad reported a slight increase in earnings per share (EPS) for the full year 2024, rising to RM0.014 from RM0.013 in FY2023, driven by a net income of RM10.8m, up 6.2% from last year. The company's revenue remained flat at RM1.46b, while its profit margin stayed consistent at 0.7%. Despite this growth, the company's shares have fallen 11% in the past week, indicating market concerns.
- The Engtex Group Berhad's modest earnings growth could be a sign of resilience in the face of industry-wide challenges, but it also raises questions about the sustainability of these results in the long term.
- What will drive the future performance of Engtex Group Berhad, particularly given the relatively stagnant revenue and profit margins?