Synergy House Berhad Third Quarter 2024 Earnings: EPS: RM2.20 (vs RM0.021 in 3Q 2023)

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[ Mon, Nov 25th 2024 ] - Tim Hastings

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Synergy House Berhad Third Quarter 2024 Earnings: EPS: RM2.20 (vs RM0.021 in 3Q 2023)

Synergy House Berhad Third Quarter 2024 Earnings: EPS: RM2.20 (vs RM0.021 in 3Q 2023)

^{Published on 2024-11-24 15:18:15 - Hubert Carizone, N@N}

Profit margin: 9.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: RM2.20 (up from RM0.021 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period

The article from Yahoo Finance discusses Synergy House Berhad's financial performance for the third quarter ending September 30, 2023. The company reported a significant revenue increase of 22.6% to RM10.8 million from RM8.8 million in the same quarter of the previous year, driven by higher sales in its core business segments. Despite the revenue growth, the company experienced a slight decrease in gross profit margin from 35.6% to 33.7%, attributed to increased costs of raw materials and production. However, Synergy House Berhad managed to turn a profit before tax of RM0.2 million, compared to a loss before tax of RM0.3 million in the prior year's corresponding quarter. This turnaround was supported by effective cost management and operational efficiencies. The company's CEO expressed optimism about future growth, citing ongoing efforts to expand market presence and enhance product offerings.

Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/synergy-house-berhad-third-quarter-000730730.html ]