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Icon Offshore Berhad Third Quarter 2022 Earnings: EPS: RM0.003 (vs RM0.005 in 3Q 2021)

Icon Offshore Berhad (KLSE:ICON) Third Quarter 2022 Results

Key Financial Results

  • Revenue: RM78.5m (down 10% from 3Q 2021).

  • Net income: RM7.65m (down 47% from 3Q 2021).

  • Profit margin: 9.7% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue.

  • EPS: RM0.003 (down from RM0.005 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Icon Offshore Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to grow by 3.8%.

Performance of the Malaysian Energy Services industry.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Icon Offshore Berhad (of which 2 can't be ignored!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

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