Solid Automotive Berhad (KLSE:SOLID) Second Quarter 2023 Results
Key Financial Results
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Revenue: RM89.7m (up 18% from 2Q 2022).
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Net income: RM1.29m (down 3.3% from 2Q 2022).
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Profit margin: 1.4% (down from 1.8% in 2Q 2022). The decrease in margin was driven by higher expenses.
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EPS: RM0.003 (in line with 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Solid Automotive Berhad shares are down 2.4% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 2 warning signs for Solid Automotive Berhad that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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