Blog Post  N2N: Earnings Rebounded on Lower Provision for Trade Debts
Result Update

In QE313/2019, N2N's net profit rose 99% q-o-q but dropped 16% y-o-y to RM5.6 million while its revenue dropped 2% q-o-q but rose 6% y-o-y to RM27 million. The Group’s revenue dropped marginally q-o-q due to a one-time implementation fees recorded in the previous quarter. Compared to the immediate preceding quarter, the Group’s core profits improved by 53.72% to RM4.45 million (Q4 2018: RM2.89 million) mainly due to lower provisions for trade receivables and other non-recurring administration costs.
Table: N2N's last 8 quarters' P&L
Graph: N2N' s last 22 quarters' P&L
Latest Financial Position
As at 31/3/20198, N2N's financial position is very healthy, with current ratio of 6.4x and gearing ratio of 0.19x.
N2N (closed at RM0.745 last Friday) is now trading at a PER of 34x (based on annualized core EPS 2.18 sen). At this PER, ...

Read the full post on nexttrade




90 days ago


57 times


90 days ago



Request to Follow

Your Reply

Please login to post