World Precision Machinery reported its first quarter 2024 financial results with a decline in key 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.
Looking at the earnings and revenue history, the figures for the trailing 12-month period show that World Precision Machinery’s performance has been declining over time. Despite this, shares have seen an increase of 52% compared to a week ago.
However, investors should be aware of a warning sign: while recent share price increases may be positive, they must consider all potential risks and factors that could impact the company’s future performance. If you are concerned about this article or have feedback on its content, please reach out to us directly or email our editorial team at editorial-team@simplywallst.com