Ptrans Latest QR Summary

📊 Main Points:
✅- **Revenue Growth**: Perak Transit Berhad (PTRANS) reported a revenue of RM47.26 million for Q2 2024, an increase from RM41.53 million in Q2 2023. For the first half of 2024, revenue was RM91.88 million compared to RM88.92 million in the same period of 2023.

✅- **Profitability**: The company achieved a gross profit of RM27.87 million for Q2 2024, up from RM23.00 million in Q2 2023. Net profit for the quarter was RM17.70 million, an increase from RM16.02 million in the same quarter last year.

✅- **Earnings Per Share (EPS)**: The basic EPS for Q2 2024 was 1.61 sen, up from 1.47 sen in Q2 2023. For the six-month period, the EPS was 3.22 sen, an improvement from 2.88 sen.

✅- **Balance Sheet**: As of June 30, 2024, total assets stood at RM1.27 billion, with total liabilities at RM596.37 million. The net asset per share was RM0.6111.

❌- **Cash Flow**: PTRANS generated RM50.60 million in net cash from operating activities in the first half of 2024, a slight increase from RM49.14 million in the same period last year. However, the company used RM54.96 million in net cash for financing activities, leading to a decrease in cash and cash equivalents to RM49.10 million by the end of June 2024.

⚠️ Conclusion:
Perak Transit Berhad shows strong revenue growth, profitability, and an improving EPS, indicating positive financial health. However, the significant cash outflows for financing activities and a reduction in cash reserves might be a point of concern.

**Investment Worthiness**: **Yes, with caution**—the company's strong fundamentals make it a potentially good investment, but it's important to monitor its cash management and financing activities closely.