$ASTINO / 7162 (ASTINO BERHAD) continues to show improved results!

Let’s see whats going on with Astino in Q2FY2024.

# Comparing current quarter (Q2FY2024) with preceding year corresponding quarter (Q2FY2023):

- Rev increased by 18.1% to RM 169.22 mil due to increase in the local market demand.
- Other operating income spiked from RM 0.13 mil to RM 1.89 mil. (I couldn’t find the reasoning for this increase).
- Profit from operations soared by 240.4% to RM 15.87 mil
- PBT grew by 262.2% to RM 15.68 mil due to increase in sales and profit margin.
- PAT also grew by 298.9% to RM 11.78 mil.
- EPS rose from 0.60 sen to 2.41 sen.
- NOCF turned from RM 7.63 mil to negative RM 14.61 mil.
- ROE improved from 2.3% to 8.7%.
- Net interest margin also improved from mere 2.1% to 7%.
- Geographical revenue segmentation: Local (98%) and Overseas (2%).

# Comparing current quarter (Q2FY2024) with immediate preceding quarter (Q1FY2024):

- Rev grew by a mere 2.2% to RM 169.22 mil due to increase of local market demand.
- Profit from operations increased by 34.9% to RM 15.87 mil.
- PBT climbed by 36.3% to RM 15.68 mil due to increase of sales and profit margin.
- PAT also climbed by 37.5% to RM 11.78 mil.

# Prospects:

- The Group expects demand to stay moderate due to escalating input costs, volatility of material costs, and the weakening of RM against USD.
- The Group is cautiously optimistic to achieve a more sustainable performance as the market demand for their product continues to remain firm.