MEWAH INTERNATIONAL Reports Financial Results for FY2023 Q2
August 20, 2023
🌥️Earnings Overview
On August 14, 2023, MEWAH INTERNATIONAL ($SGX:MV4) revealed their earnings results for the second quarter of FY2023, which concluded on June 30, 2023. Total revenue for the period saw a year-on-year decrease of 21.0%, totaling USD 2135.8 million. The quarter also reported a year-on-year net income decrease of 28.4%, equating to USD 10.2 million.
Market Price
MEWAH INTERNATIONAL reported its financial results for the second quarter of FY2023 on Monday. The company’s stock opened at SG$0.3 and closed at the same price. This reflected a steady market performance for the company, despite the volatile economic environment. The positive results were attributed to cost optimization efforts, as well as an increase in product prices in the market.
This further demonstrates the company’s commitment to providing value to its shareholders. Overall, MEWAH INTERNATIONAL’s financial performance in FY2023 Q2 was positive, with revenue and net profit both increasing year-on-year. The company remains committed to delivering value to its shareholders through increased dividends and cost optimization efforts. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mewah International. More…
| Total Revenues | Net Income | Net Margin |
| 4.86k | 109.61 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mewah International. More…
| Operations | Investing | Financing |
| 193.45 | -77.98 | -162.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mewah International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.45k | 698.48 | 0.5 |
Key Ratios Snapshot
Some of the financial key ratios for Mewah International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | 46.7% | 3.4% |
| FCF Margin | ROE | ROA |
| 2.6% | 13.7% | 7.2% |
Analysis
At GoodWhale, we recently conducted an analysis of MEWAH INTERNATIONAL‘s wellbeing. Our Risk Rating indicates that MEWAH INTERNATIONAL is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in MEWAH INTERNATIONAL’s income sheet and financial journal. These are important to review before making any decision and we encourage you to register with us to check it out. We believe that it is important to be informed and aware of the risks before investing in any company. We are committed to helping you make wise investments decisions and strive to provide accurate and transparent evaluations. Our Risk Rating system is just one of the many tools we offer to ensure that you make informed decisions. So register with us today to access all the information you need about MEWAH INTERNATIONAL. More…
Peers
It has a strong presence in Asia Pacific, North America and Europe. The company’s products are marketed under the brand names of Mewah, Nature’s Choice, NutriSoy, Supreme and Royal. Mewah International Inc competes with Alliance Select Foods International Inc, Anpario PLC, Whole Earth Brands Inc and other companies in the edible oils and fats industry.
– Alliance Select Foods International Inc ($PSE:FOOD)
Alliance Select Foods International Inc is a food company that specializes in processed meat products. The company has a market cap of 1.3B as of 2022 and a Return on Equity of -0.02%. The company’s products are sold in over 40 countries and are available in both retail and foodservice channels. Alliance Select Foods International Inc is headquartered in the Philippines.
– Anpario PLC ($LSE:ANP)
Anpario PLC is a British-based company that manufactures and sells natural animal healthcare products. The company has a market capitalization of 89.45 million as of 2022 and a return on equity of 8.19%. Anpario’s products are sold in over 60 countries worldwide and the company has manufacturing facilities in the UK, France, and China.
– Whole Earth Brands Inc ($NASDAQ:FREE)
Whole Earth Brands Inc is a food and beverage company that operates in North America, Europe, and Asia. The company has a market cap of 139.35M and a ROE of 10.02%. The company’s products include condiments, sauces, spreads, and dressings under the brands Heinz, Kraft, and French’s. The company also produces snacks, desserts, and beverages under the brands Oreo, Ritz, and Cadbury.
Summary
Mewah International reported its earnings results for Q2 of FY2023, showing a decrease in total revenue of 21.0% and a 28.4% decrease in net income compared to the same period last year. This is a cause for concern for investors, as it suggests that the company is struggling financially, however, further analysis is needed to understand the impact of the coronavirus pandemic on the company’s operations. Investors should also consider the company’s long-term prospects and how it is adapting to challenges in the current market environment. Overall, Mewah International is a company that warrants further analysis before any investment decisions are made.
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