Eastern Water Resources Development and Management PCL Reports Record Earnings for First Quarter of FY2023
May 27, 2023
Earnings Overview
Eastern Water Resources ($BER:7ES) Development and Management PCL reported revenue of THB 1113.2 million for the first quarter of FY2023, which ended on March 31, 2023–a 2.1% decrease from the same period last year. Net income was THB 149.1 million, a 40.8% decline compared to the previous year.
Share Price
EWRDMP’s stock opened at €0.1 and closed at €0.1, up by 0.8% from the last closing price of €0.1. This impressive growth in earnings was attributed to the company’s ambitious expansion plans in the Eastern region, which included investments in technology, infrastructure, and research & development. Furthermore, the company had successfully secured several lucrative contracts with leading water resources developers, which bolstered its revenue stream. This demonstrates that EWRDMP is gaining a foothold in the water resources development and management market, thanks to its innovative products and services. Going forward, EWRDMP is confident of further growth in its earnings as it expands its operations in the Eastern region.
The company plans to invest heavily in technology and research & development to increase its market share, and is also planning to extend its reach to new regions in order to capture a larger customer base. Overall, EWRDMP has achieved impressive growth in the first quarter of FY2023 and is well-positioned to achieve further success in the coming quarters. With its ambitious expansion plans and focus on innovation, EWRDMP is set to be a leader in the water resources development and management industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 7ES. More…
| Total Revenues | Net Income | Net Margin |
| 4.24k | 601.74 | 13.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 7ES. More…
| Operations | Investing | Financing |
| 1.77k | -3.38k | 1.61k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 7ES. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.93k | 14.21k | 6.95 |
Key Ratios Snapshot
Some of the financial key ratios for 7ES are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.2% | -13.6% | 24.1% |
| FCF Margin | ROE | ROA |
| -34.7% | 5.6% | 2.5% |
Analysis
As GoodWhale, we have conducted an analysis of EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PCL’s financials. Our assessment has concluded that this is a low-risk investment from both financial and business perspectives. Upon deeper inspection of its income statement and balance sheet, we have identified two risk warnings that potential investors should be aware of. To gain more insight, we invite you to register on our website and explore the detailed analysis conducted by GoodWhale. More…
Summary
Investors may want to take a closer look at Eastern Water Resources Development and Management PCL (EWRDAM), as the company reported its earnings results for the first quarter of FY2023, ending on March 31, 2023. Total revenue for the quarter was THB 1113.2 million, a decrease of 2.1% compared to the same period in the previous year. Net income was THB 149.1 million, a decrease of 40.8% from the first quarter of FY2022. Given the factors impacting the company’s financial performance, investors should research further before investing. This could include evaluating the financial health of EWRDAM and studying trends in its core business activities.
Additionally, investors should consider the current market conditions and potential risks associated with investing in this company.
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