[%bjUe%] - Business turnaround

Record-high revenue in FY23, driven by print publishing segment. Net profit jumped 10x in FY23. GPM remains below 2019 level but net margins doubled due to lower overheads.

Healthy balance sheet, external borrowings reduced to a minimal level (net cash). Business is generating cash. Norm for the business to have high inventory level.

The worst may be over. Optimistic for the print publishing segment to grow further before normalizing, growth in digital and early childhood segment.

Last ESOS exercise price was RM0.10 and RM0.12, respectively

$KLSE-SASBADI - Business turnaround

Record-high revenue in FY23, driven by print publishing segment. Net profit jumped 10x in FY23. GPM remains below 2019 level but net margins doubled due to lower overheads.

Healthy balance sheet, external borrowings reduced to a minimal level (net cash). Business is generating cash. Norm for the business to have high inventory level.

The worst may be over. Optimistic for the print publishing segment to grow further before normalizing, growth in digital and early childhood segment.

Last ESOS exercise price was RM0.10 and RM0.12, respectively

$SASBADI / 5252 (SASBADI HOLDINGS BERHAD)