Jtgroup latest QR Summary

To determine if Jati Tinggi Group Berhad is worth investing in, let's examine key financial metrics from the provided interim financial report for the second quarter ended 31 May 2024:

💰 Financial Performance
- **Revenue**: RM 63,536,000 (YTD 2024) compared to RM 46,003,000 (YTD 2023).
- **Gross Profit**: RM 7,194,000 (YTD 2024) compared to RM 9,386,000 (YTD 2023).
- **Profit Before Taxation**: RM 9,165,000 (YTD 2024) compared to RM 3,232,000 (YTD 2023).
- **Profit After Tax (PAT)**: RM 7,974,000 (YTD 2024) compared to RM 2,091,000 (YTD 2023).
- **Earnings Per Share**: 2.04 sen (YTD 2024) compared to 0.64 sen (YTD 2023).

📊 Financial Position
- **Total Assets**: RM 120,590,000 as of 31 May 2024, down from RM 131,116,000 as of 30 November 2023.
- **Total Liabilities**: RM 56,542,000 as of 31 May 2024, down from RM 92,106,000 as of 30 November 2023.
- **Total Equity**: RM 64,048,000 as of 31 May 2024, up from RM 39,010,000 as of 30 November 2023.
- **Net Assets Per Share**: RM 0.16 as of 31 May 2024 compared to RM 0.12 as of 30 November 2023.

💵 Cash Flow
- **Net Cash Flows from Operating Activities**: RM -6,048,000 (YTD 2024) compared to RM -15,497,000 (YTD 2023).
- **Net Cash Flows from Investing Activities**: RM 8,944,000 (YTD 2024) compared to RM -117,000 (YTD 2023).
- **Net Cash Flows from Financing Activities**: RM 598,000 (YTD 2024) compared to RM 3,593,000 (YTD 2023).

🔍 Key Observations
1. **Revenue and Profit Growth**: The company has shown significant growth in revenue and profit compared to the previous year. The PAT has increased from RM 2,091,000 to RM 7,974,000.
2. **Improved Financial Position**: The company’s equity has increased, and liabilities have decreased, indicating an improved financial position.
3. **Positive Cash Flow from Investing**: The company has positive net cash flows from investing activities, primarily due to the disposal of an investment property.

⚠️ Conclusion
Jati Tinggi Group Berhad shows a positive trend in revenue and profit growth, along with a stronger financial position and improved cash flows from investing activities. However, potential investors should consider additional factors such as market conditions, competitive landscape, and long-term strategic plans before making an investment decision. Based on the financial data alone, the company appears to be improving and may be worth considering for investment.