NSL LTD Reports Total Revenue of SGD 170.8 Million in Q2 FY2023, Down 2.3% Year-on-Year
August 13, 2023
🌥️Earnings Overview
NSL LTD ($SGX:N02) reported total revenue of SGD 170.8 million for the second quarter of FY2023, which ended June 30 2023, representing a decrease of 2.3% compared to the same period in the previous year. Additionally, net income for the quarter rose by 20.7%, to SGD 7.1 million, compared to the same period in the previous year. The results were released on August 8 2023.
Analysis
GoodWhale has conducted an analysis of NSL LTD’s financials and determined that it is a medium risk investment in terms of its financial and business aspects. Further, GoodWhale has identified two risk warnings in the income sheet and balance sheet for NSL LTD, though this information is only available to registered users. The analysis by GoodWhale includes an evaluation of the company’s current financials, as well as an examination of its historical performance. This allows investors to get a better sense of its long-term growth potential and any potential pitfalls that may arise in the future. In particular, GoodWhale’s risk rating highlights any potential financial and business risks associated with the company. Overall, GoodWhale’s analysis provides investors with a great deal of information about NSL LTD. It provides insight into the company’s financial history, its current situation, and any potential risks associated with investing in it. By accessing additional information available to registered users, investors can gain more detailed insight into the company’s financials and make more informed decisions about their investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nsl Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 365.57 | 11.91 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nsl Ltd. More…
| Operations | Investing | Financing |
| 50.46 | -5.98 | -26.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nsl Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 578.08 | 131.5 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for Nsl Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | -8.0% | 5.0% |
| FCF Margin | ROE | ROA |
| 10.8% | 2.5% | 2.0% |
Peers
It is among several prominent players in the industry, including WMG Holdings Bhd, China Railway Prefabricated Construction Co Ltd, and Kim Hin Industry Bhd. NSL Ltd has a long and successful history of delivering quality projects and services, and is committed to creating value for its stakeholders.
– WMG Holdings Bhd ($KLSE:6378)
WMG Holdings Bhd is a holding company and investment holding firm based in Malaysia. It operates through its subsidiaries, principally involved in the provision of information technology (IT) and other related services. With a market capitalization of 77.03M as of 2023, WMG Holdings is a relatively small player in the market. Despite its size, the company has a Return on Equity (ROE) of 4.43%, which is respectable compared to the industry average. This is indicative of the company’s strength in delivering returns to its shareholders.
– China Railway Prefabricated Construction Co Ltd ($SZSE:300374)
China Railway Prefabricated Construction Co Ltd is a Chinese construction company that has been operating since 2000. The company specializes in the design, manufacture and sale of prefabricated buildings, including modular homes, apartments, hotels, office buildings and other structures. With a market cap of 3.44 billion as of 2023, the company is one of the leading construction companies in China. The company has reported a Return on Equity (ROE) of -18.31%, showing that it has struggled to generate profits. This could be due to increasing competition in the industry and market conditions. However, the company is still well-positioned to benefit from future growth and opportunities in the Chinese construction industry.
– Kim Hin Industry Bhd ($KLSE:5371)
Khin Industry Bhd is a Malaysian based engineering and construction company that provides products and services in the energy, oil and gas, and industrial sectors. The company has a market cap of 62.41M as of 2023, a sign of its relative size in the industry. Furthermore, its Return on Equity (ROE) of -7.81% indicates that the company has not been able to generate returns from its shareholders’ investments.
Summary
NSL LTD, a company listed on the Singapore Exchange, announced its financial results for the second quarter of FY2023 ending June 30 2023. Total revenue for this period amounted to SGD 170.8 million, a decrease of 2.3% from the previous year.
However, net income increased by 20.7% to SGD 7.1 million. The results were released on August 8 2023 and are seen as positive news for investors. This could lead to an increase in investor confidence as well as potential buying opportunities in the near future. NSL LTD is continuing to show both revenue growth and improved margins, giving investors a solid reason to remain optimistic.
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