World Precision Machinery (SGX:B49) released 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, investors should be aware of a warning sign that could impact the company’s future performance. While the recent share price increase may seem positive, it’s crucial to consider all potential risks and factors that could affect the company’s future performance.
Looking at the earnings and revenue history over time, we can see that World Precision Machinery has been experiencing some volatility in its financial results. Despite this, investors should keep in mind that there are always risks involved when investing in any stock or industry. Therefore, it’s essential to conduct thorough research and due diligence before making any investment decisions based on these figures alone.
