PMB Technology Berhad Reports Third Quarter 2024 Earnings

November 30, 2024 - 06:30

PMB Technology Berhad has announced its financial results for the third quarter of 2024, revealing an earnings per share (EPS) of RM0.005. This marks a notable increase from the EPS of RM0.001 reported during the same period in 2023. The company's revenue for the quarter stood at RM209.8 million, reflecting a decline of 29% compared to the previous year.

The decrease in revenue has raised concerns among analysts, as it suggests potential challenges in the market environment. Despite the drop in revenue, the improvement in EPS indicates that the company has managed to enhance its operational efficiency or reduce costs effectively.

Investors will be keenly observing how PMB Technology navigates the current economic landscape and whether it can sustain its profitability in the coming quarters. The management is expected to provide insights into strategies aimed at reversing the revenue decline and fostering growth in future earnings.