In Q1 2024, World Precision Machinery (SGX:B49) reported financial results that showed a decline compared to the same period in 2023. The company’s revenue was CN¥185.2 million, down 34% from last year, while the net loss was CN¥607.0 thousand, a significant decline from the profit of CN¥11.6 million in the first quarter of 2023. This resulted in a loss per share of CN¥0.002, down from CN¥0.029 EPS in Q1 2023.
Despite the decline in financial results for the first quarter of 2024, shares of World Precision Machinery are up 52% from a week ago. However, it is important to note that there is a warning sign for World Precision Machinery that investors should be aware of. Although the recent increase in the share price could be positive, it is necessary to consider all the potential risks and factors that could affect the future performance of the company.
Looking at earnings and revenue history over time shows that World Precision Machinery has faced challenges in recent years but has also shown signs of improvement at times. It is important for investors to carefully analyze this information when making investment decisions about this company.
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Simpli Wall St has no position in any of the stocks mentioned.
Overall, it is important for investors to exercise caution when investing in World Precision Machinery and consider all potential risks and factors before making any investment decisions.