World Precision Machinery (SGX:B49) reported its first quarter 2024 financial results, revealing 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 the 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’s important to note that there is a warning sign for World Precision Machinery that investors should be aware of. While the recent share price increase may be positive, it’s essential to consider all potential risks and factors that could impact the company’s future performance.
World Precision Machinery’s earnings and revenue history show its performance over time, highlighting a decline in financial results for the first quarter of 2024 compared to the same period last year. Despite this decline, investors should keep an eye on other factors such as market trends and economic conditions that could affect World Precision Machinery’s future performance.
It is worth noting that investors should do their own research before making any investment decisions based on this information or any other information found on Simply Wall St. The analysis provided by Simply Wall St is based on historical data and analyst forecasts using an unbiased methodology but may not include all qualitative information about a company or take into account individual objectives or financial situations