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Borneo Oil Berhad Second Quarter 2024 Earnings: RM0.007 loss per share (vs RM0.002 profit in 2Q 2023)

Borneo Oil Berhad (KLSE:BORNOIL) Second Quarter 2024 Results

Key Financial Results

  • Revenue: RM22.1m (up 4.2% from 2Q 2023).

  • Net loss: RM84.2m (down by 463% from RM23.2m profit in 2Q 2023).

  • RM0.007 loss per share (down from RM0.002 profit in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Borneo Oil Berhad shares are down 33% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Borneo Oil Berhad (1 is significant!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.