QES Latest Summary

Here are the important points that indicate QES Group Berhad might be worth investing in:

1. Steady Revenue:

The company reported consistent revenue with RM 68.01 million for the second quarter of 2024 compared to RM 66.95 million in the same quarter of 2023. For the cumulative period, revenue slightly increased to RM 124.42 million from RM 124.21 million in 2023.

2. Profitability:

Although there was a slight decline in profit compared to the previous year, QES Group Berhad remains profitable. The profit before tax for the second quarter of 2024 was RM 8.26 million, down from RM 9.74 million in the previous year. However, the cumulative profit before tax stands at RM 11.56 million.

3. Positive Cash Flow:

The company reported a positive net cash flow from operating activities of RM 10.76 million for the first half of 2024, indicating good cash generation from its operations.

4. Strong Balance Sheet:

As of June 30, 2024, QES Group Berhad had a total equity of RM 182.13 million, which shows a stable financial position. The company’s assets exceed its liabilities, ensuring good solvency.

5. Investment in Growth:

The company is investing in its growth with significant expenditures on property, plant, and equipment, amounting to RM 12.51 million during the first half of 2024.

6. Foreign Exchange Stability:

Despite the fluctuations in foreign currency, the company managed to limit its impact, which suggests good financial risk management.

While these factors suggest a relatively stable and growing company, it is also important to consider the slight decrease in profits and the challenges in cost management when making an investment decision.