Success Transformer Corporation Berhad Full Year 2022 Results Exceed Expectations

Success Transformer Corporation Berhad (KLSE: SUCCESS) 2022 annual results

Main financial results

  • Revenue: RM231.2 million (down 2.5% from FY2021).
  • Net income: RM19.2 million (down 7.2% from FY2021).
  • Profit margin: 8.3% (compared to 8.7% in fiscal year 2021).
    • The decrease in the margin is explained by the decrease in revenues.
  • EPS: RM0.084 (compared to RM0.091 in FY2021).
KLSE: SUCCESS Profit and Revenue Growth October 31, 2022

All figures shown in the table above are for the 12 month period (TTM)

Success Transformer Corporation Berhad Revenue and Profits Miss Expectations

Revenue beat analysts’ estimates by 5.9%. Earnings per share (EPS) also missed analysts’ estimates by 1.2%.

Going forward, revenue is expected to grow by an average of 8.3% per year over the next 3 years, compared to a growth forecast of 23% for the electrical industry in Asia.

Market performance in Malaysia.

Shares of the company are down 2.9% from a week ago.

Risk analysis

It must be said that we discovered 2 warning signs for Success Transformer Corporation Berhad which you should be aware of before investing here.

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