MCT Berhad Reports Third Quarter 2022 Earnings

MCT Berhad (KLSE:MCT) Third Quarter 2022 Results

Key Financial Results

  • Revenue: RM56.3m (down 21% from 3Q 2021).

  • Net income: RM6.17m (up from RM13.3m loss in 3Q 2021).

  • Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses.

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

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

MCT Berhad shares are up 4.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for MCT Berhad (1 doesn't sit too well with us!) that you need to take into consideration.

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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.

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