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Rhong Khen International Berhad First Quarter 2023 Earnings: EPS: RM0.053 (vs RM0.008 in 1Q 2022)

Rhong Khen International Berhad (KLSE:RKI) First Quarter 2023 Results

Key Financial Results

  • Revenue: RM234.2m (up 39% from 1Q 2022).

  • Net income: RM10.4m (up by RM8.91m from 1Q 2022).

  • Profit margin: 4.4% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue.

  • EPS: RM0.053 (up from RM0.008 in 1Q 2022).

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

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

Rhong Khen International Berhad Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Consumer Durables industry in Malaysia.

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Performance of the Malaysian Consumer Durables industry.

The company's shares are up 6.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Rhong Khen International Berhad (of which 1 is a bit unpleasant!) 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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