Wellcall Holdings Berhad (KLSE:WELLCAL) 2023 Full Year Results
Main financial results
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Revenue: RM217.2 million (up 23% from FY22).
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Net profit: 55.3 million ringgit (66% increase compared to FY2022).
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Margin: 26% (up from 19% in FY22). The increase in margin was driven by an increase in revenue.
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EPS: RM0.11 (up from RM0.067 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Welcall Holdings Berhad's sales and profits exceeded expectations
Sales exceeded analysts' expectations by 7.1%. Earnings per share (EPS) also exceeded analyst expectations by 19%.
The main driver of revenue for the past 12 months was the United States of America (USA)/Canada segment, which contributed total revenue of RM67.3 million (31% of total revenue). Notably, cost of goods sold worth RM131.1 million accounted for 60% of total revenue, highlighting the impact on revenue. The largest operating expense was general and administrative expenses, amounting to RM15.8 million (51% of total expenses). Find out how Welkal's revenue and expenses form its bottom line.
Looking ahead, revenues are expected to increase at an average annual rate of 4.9% over the next two years, compared to a growth forecast of 19% for the Malaysian machinery industry.
performance of Malaysian machinery industry.
The company's stock rose 3.6% from the previous week.
risk analysis
You should always think about risk.Good example we found 1 warning sign for Wellcall Holdings Berhad. you should know.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
