World Precision Machinery (SGX:B49) announced its first quarter 2024 financial results, with revenue at CN¥185.2m, a decrease of 34% from the same period in 2023. The company also reported a net loss of CN¥607.0k, a significant decline from the CN¥11.6m profit in the first quarter of 2023. Earnings per share were reported at CN¥0.002, down from CN¥0.029 in the previous year.
Despite the decrease in financial performance, World Precision Machinery shares have increased by 52% from a week ago. However, it is important to note that there is a warning sign that investors should be mindful of.
The trailing 12 months (TTM) period for World Precision Machinery showed the figures mentioned above. Despite this decline in financial performance, the company’s shares have seen positive growth over the past week, up by 52%. However, it is important to keep an eye on future developments and monitor any potential risks that may arise.
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