In 2023, Coraza Integrated Technology Berhad (KLSE:CORAZA) reported its full-year financial results, which showed a decline from the previous year. The company’s revenue was RM80.7m, down 44% from FY 2022, and it reported a net loss of RM2.67m, an increase of 118% from the RM14.7m profit in FY 2022. The loss per share was RM0.006, a decrease of 539% from the RM0.034 profit in FY 2022.
Despite the decline in revenue and net loss, Coraza Integrated Technology Berhad beat analyst estimates by 2.3%. However, earnings per share (EPS) fell short by 195%. The company has a forecasted average revenue growth of 25% annually for the next three years, outperforming the 6.2% growth forecast for the Metals and Mining industry in Malaysia. Despite this positive outlook for revenue growth, the company’s shares have decreased by 4.6% from a week ago.
Investors should be aware of potential risks associated with investing in Coraza Integrated Technology Berhad. It is essential to consider factors such as market conditions, industry performance, and company-specific risks before making any investment decisions. If you have feedback or concerns about the content provided, you can reach out to the editorial team at Simply Wall St directly or via email.
Please note that the information provided in this article is based on historical data and analyst forecasts and should not be considered as financial advice
