Ramssol lastest QR Summary

Based on the provided interim financial report for RAMSSOL Group Berhad for the second quarter ending June 30, 2024, here is a summary and conclusion regarding its investment worthiness:

### Financial Performance Summary:

1. **Revenue and Profit Growth**:
- **Revenue**: The company reported a significant increase in revenue, growing from RM16.58 million in the first half of 2023 to RM31.73 million in the first half of 2024, representing a 91.38% increase.
- **Gross Profit**: Increased from RM9.77 million in the first half of 2023 to RM21.22 million in the first half of 2024.
- **Profit Before Tax**: Increased from RM4.14 million in the first half of 2023 to RM9.42 million in the first half of 2024.

2. **Net Profit**:
- The net profit for the first half of 2024 was RM8.45 million, compared to RM4.13 million in the first half of 2023.

3. **Cost Management**:
- The company managed its costs effectively, with an increase in administrative and other expenses, but these were proportionately less than the increase in revenue.

4. **Balance Sheet Strength**:
- **Assets**: Total assets increased from RM100.83 million as of December 31, 2023, to RM121.04 million as of June 30, 2024.
- **Equity**: Total equity attributable to owners of the company increased from RM85.19 million to RM94.70 million over the same period.
- **Current Assets**: Increased significantly from RM47.78 million to RM67.45 million, indicating improved liquidity.

5. **Cash Position**:
- The company's cash and bank balances increased from RM8.35 million to RM16.97 million, reflecting a stronger cash position.

6. **Geographical Performance**:
- Revenue from Malaysia more than doubled, from RM10.24 million to RM23.13 million.
- Revenue from Thailand also showed substantial growth, while Singapore and other regions showed mixed results.

### Conclusion:
RAMSSOL Group Berhad has demonstrated strong financial performance and growth in the first half of 2024. The substantial increase in revenue, gross profit, and net profit indicates effective business expansion and operational efficiency. The improvement in the company's cash position and the strengthening of its balance sheet further highlight its financial health.

Given the company's strong financial performance, solid growth prospects, and improved liquidity, RAMSSOL Group Berhad appears to be a worthwhile investment. However, potential investors should also consider market conditions, industry trends, and specific risk factors related to the company's operations before making an investment decision.