World Precision Machinery (SGX:B49) has released its first quarter 2024 financial results, showing a decline in key financial figures compared to the same period in 2023. The company’s revenue was CN¥185.2m, down 34% from the first quarter of 2023, while the net loss was CN¥607.0k, a significant drop from the CN¥11.6m profit recorded in the first quarter of 2023. This resulted in a loss per share of CN¥0.002, down from a profit per share of CN¥0.029 in the first quarter of 2023.
Despite this decline in financial results for the first quarter of 2024, World Precision Machinery shares have seen an increase of 52% compared to a week ago. However, it is important to note that there is a warning sign for investors to be aware of when considering this recent share price increase. Investors should consider all potential risks and factors that could impact the company’s future performance before making any investment decisions based on these figures alone.
Looking at the earnings and revenue history over time, it is evident that World Precision Machinery’s performance has fluctuated over time. It may be worthwhile for investors to examine this trend further before making any investment decisions or forming an opinion about the company’s future prospects.
If you have feedback on this article or are concerned about its content, you can reach out directly or email our editorial team at editorial-team@simplywallst.com. It is important to remember that Simply Wall St provides historical data and analyst forecasts using an unbiased methodology, and our articles are not meant to serve as financial advice or take into account your individual objectives or financial situation. We strive to offer long-term focused analysis driven by fundamental data and may not include recent price-sensitive announcements or qualitative information about the company in our articles.
Simply Wall St does not hold any position in any stocks mentioned.