TDM Berhad Posts Lower Profit Margin Despite Revenue Growth
TDM Berhad reported a full-year revenue of RM645.5m, up 8.6% from FY 2023, but its net income decreased by 58% to RM4.84m. The company's profit margin dropped to 0.7%, down from 1.9% in FY 2023, primarily due to higher expenses. TDM Berhad's earnings per share (EPS) remained unchanged at RM0.007.
- The significant decline in profit margin may indicate that TDM Berhad is facing increasing operational costs or inefficiencies that need to be addressed.
- What steps will the company take to improve its profitability and maintain its competitiveness in the market, considering the growing pressure from other industry players?