AwanBiru Technology Berhad (KLSE:AWANTEC) 2022 Annual Results
Main financial results
- Revenue: RM90.3 million (down 14% from FY2021).
- Net Profit: RM4.42 million (compared to a loss of RM6.35 million in FY2021).
- Profit margin: 4.9% (up from FY2021 net loss).
- The shift to profitability was driven by lower expenses.
- EPS: RM0.006 (compared to a loss of RM0.009 in FY21).
All figures shown in the table above are for the 12 month period (TTM)
AwanBiru Technology Berhad’s revenue and profit fall short of expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analysts’ estimates by 42%.
Going forward, revenue is expected to decline by an average of 12% per year over the next 3 years, while Asian consumer services revenue is expected to increase by 21%.
Market performance in Malaysia.
Shares of the company are down 2.0% from a week ago.
What about the risks? Every business has them, and we’ve spotted 2 warning signs for AwanBiru Technology Berhad (1 of which is a little unpleasant!) that you should know about.
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