In the first quarter of 2024, Privasia Technology Berhad (KLSE:PRIVA) reported a significant increase in revenue, which was up 50% from the same period in 2023. However, despite this growth, net income decreased by 31%, leading to a profit margin of just 4.2%, down from 9.1% in the first quarter of 2023. Earnings per share also fell from RM0.002 to RM0.001.
Despite these financial results, Privasia Technology Berhad’s share price remains relatively unchanged from a week ago. It is worth noting that all figures mentioned in the chart above are for the trailing 12-month (TTM) period.
When analyzing the company’s performance, it is essential to consider potential risks. Privasia Technology Berhad has been flagged with four warning signs that investors should be aware of. These include high levels of debt, declining profitability, low liquidity ratios and negative earnings growth over the past year. If you have any feedback on this article or concerns about the content, please reach out to us directly or email our editorial team at Simply Wall St for further clarification or analysis.
It is crucial to note that Simply Wall St provides general commentary based on historical data and analyst forecasts using an unbiased methodology. The content is not intended to serve as financial advice and does not recommend buying or selling any stock without considering your own objectives and financial situation. The analysis aims to offer long-term focused insights driven by fundamental data but may not include the latest price-sensitive company announcements or qualitative material. Simply Wall St does not hold any position in the stocks mentioned
