Widad Group Berhad Struggles with Financial Performance
The Widad Group Berhad's financial performance for 2024 saw a significant decline, with revenue decreasing by 40% to RM137.7m and a net loss widening by 44% to RM23.9m. The company's share price has remained largely unchanged from a week ago, despite the warning signs in its investment analysis. This downward trend may be attributed to various factors, including the company's struggling financial performance.
- The alarming rate of decline in Widad Group Berhad's revenue and loss raises questions about the company's ability to recover and regain its footing in the market.
- Will the company's future strategy involve exploring alternative business models or scaling back operations to stabilize its financials?