JF Technology Berhad reported a decrease in revenue and net income for the fiscal year 2024. Revenue decreased by 8.2% to RM41.6 million, with net income down 52% to RM5.82 million. The profit margin also declined to 14% from 27% in the previous fiscal year, primarily due to lower revenue. Earnings per share (EPS) fell from RM0.013 to RM0.006 in FY 2024.
The China segment was the primary driver of revenue for the company, contributing 38% of total revenue at RM15.7 million. General & Administrative costs were the largest operating expense, totaling RM19.5 million, which made up 91% of total expenses. Non-operating gains of RM1.24 million helped enhance the company’s earnings over the last 12 months.
Despite the financial results, JF Technology Berhad’s share price remained steady over the past week. However, it is worth noting that there is a warning sign associated with the company that investors should consider.
This article by Simply Wall St provides general commentary on JF Technology Berhad’s financial performance, based on historical data and analyst forecasts. It is not intended to be financial advice and does not recommend buying or selling any stock. The analysis is driven by fundamental data, and may not include the latest price-sensitive company announcements or qualitative information. Simply Wall St does not have a position in any stocks mentioned.
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