Destini Berhad Past Earnings Performance

Past criteria checks 0/6

Destini Berhad has been growing earnings at an average annual rate of 22.3%, while the Aerospace & Defense industry saw earnings growing at 14.6% annually. Revenues have been declining at an average rate of 20.4% per year.

Key information

22.3%

Earnings growth rate

26.3%

EPS growth rate

Aerospace & Defense Industry Growth	13.2%
Revenue growth rate	-20.4%
Return on equity	-16.3%
Net Margin	-15.1%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Destini Berhad (KLSE:DESTINI) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough

May 24

Investors Don't See Light At End Of Destini Berhad's (KLSE:DESTINI) Tunnel And Push Stock Down 27%

Mar 25

Lacklustre Performance Is Driving Destini Berhad's (KLSE:DESTINI) 57% Price Drop

Feb 09

Downgrade: What You Need To Know About The Latest Destini Berhad (KLSE:DESTINI) Forecasts

Apr 03

Did The Underlying Business Drive Destini Berhad's (KLSE:DESTINI) Lovely 338% Share Price Gain?

Mar 16

Here's Why Destini Berhad (KLSE:DESTINI) Can Afford Some Debt

Jan 26

Is Destini Berhad's (KLSE:DESTINI) Shareholder Ownership Skewed Towards Insiders?

Dec 22

Revenue & Expenses Breakdown

How Destini Berhad makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KLSE:DESTINI Revenue, expenses and earnings (MYR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	107	-16	53
30 Sep 23	178	-40	95
30 Jun 23	185	-35	92
31 Mar 23	179	-38	91
31 Dec 22	186	-30	91
30 Sep 22	122	-2	70
30 Jun 22	116	0	66
31 Mar 22	113	2	68
31 Dec 21	174	3	71
30 Sep 21	206	-161	118
30 Jun 21	243	-161	117
31 Mar 21	243	-178	119
31 Dec 20	190	-191	122
30 Sep 20	201	-277	112
30 Jun 20	232	-277	135
31 Mar 20	247	-260	135
31 Dec 19	298	-248	139
30 Sep 19	340	3	116
30 Jun 19	261	-10	106
31 Mar 19	365	-5	107
31 Dec 18	418	2	106
30 Sep 18	404	4	96
30 Jun 18	583	26	90
31 Mar 18	597	27	88
31 Dec 17	683	29	83
30 Sep 17	693	37	75
30 Jun 17	551	33	76
31 Mar 17	497	36	73
31 Dec 16	355	33	72
30 Sep 16	330	31	66
30 Jun 16	372	33	61
31 Mar 16	314	27	62
31 Dec 15	270	21	59
30 Sep 15	241	19	44
30 Jun 15	190	16	46
31 Mar 15	176	14	50
31 Dec 14	167	16	48
30 Sep 14	141	12	50
30 Jun 14	120	10	43
31 Mar 14	106	9	31
31 Dec 13	93	8	27
30 Sep 13	81	9	19

Quality Earnings: DESTINI is currently unprofitable.

Growing Profit Margin: DESTINI is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DESTINI is unprofitable, but has reduced losses over the past 5 years at a rate of 22.3% per year.

Accelerating Growth: Unable to compare DESTINI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DESTINI is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (8.9%).

Return on Equity

High ROE: DESTINI has a negative Return on Equity (-16.28%), as it is currently unprofitable.

Destini Berhad Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2023 earnings released: RM0.01 loss per share (vs RM0.018 loss in FY 2022)

Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.001 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 loss in 2Q 2022)

First quarter 2023 earnings released: RM0.004 loss per share (vs RM0 in 1Q 2022)

Full year 2022 earnings released: RM0.019 loss per share (vs RM0.002 profit in FY 2021)

Third quarter 2022 earnings released: RM0.001 loss per share (vs RM0 in 3Q 2021)

Recent updates

New minor risk - Financial data availability

Destini Berhad (KLSE:DESTINI) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough

Destini Berhad Announces Resignation of Datuk Kabol Bin Surat as Executive Director

New major risk - Shareholder dilution

Investors Don't See Light At End Of Destini Berhad's (KLSE:DESTINI) Tunnel And Push Stock Down 27%

Destini Berhad Announces the Resignation of Tan Sri Datuk Azhar Bin Azizan @ Harun as Independent and Non-Executive Chairman, Effective on March 11, 2024

Full year 2023 earnings released: RM0.01 loss per share (vs RM0.018 loss in FY 2022)

Destini Berhad Announces Cessation of Ahmad Suhaimi Bin Endut as Non Independent and Non Executive Member of Risk Committee

Lacklustre Performance Is Driving Destini Berhad's (KLSE:DESTINI) 57% Price Drop

New major risk - Share price stability

Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.001 loss in 3Q 2022)

Destini Berhad Appoints Farah Nadia Binti Fazaruddin as Independent and Non Executive Director

Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 loss in 2Q 2022)

Destini Berhad Announces Cessation of Dato' Mohd Zahir Bin Zahur Hussain as Member of Risk Committee

Is Destini Berhad (KLSE:DESTINI) Using Too Much Debt?

Destini Berhad Announces Redesignation of Dato' Abd Aziz Bin Haji Sheikh Fadzir to Non-Independent Director from Independent Director

Destini Berhad Appoints Abd Aziz Bin Haji Sheikh Fadzir as Independent and Non Executive Director

High number of new and inexperienced directors

Destini Berhad Announces Cessation of Nurwahida Binti Mohd Yaakub as Independent and Non Executive Chairman of Risk Committee

There's No Escaping Destini Berhad's (KLSE:DESTINI) Muted Revenues

Destini Berhad Announces Cessation of Suzana Binti Sulaiman @ Mohd Suleiman as Non Independent and Non Executive Member of Risk Committee

First quarter 2023 earnings released: RM0.004 loss per share (vs RM0 in 1Q 2022)

High number of new directors

Destini Berhad Appointssyed Jabed Islam as Independent and Non Executive Director

Is Destini Berhad (KLSE:DESTINI) Using Debt Sensibly?

Full year 2022 earnings released: RM0.019 loss per share (vs RM0.002 profit in FY 2021)

Destini Berhad Announces the Resignation of Puan Norzilah Binti Mohammed as Executive Director

Destini Berhad Announces Retirement of Encik Muhayuddin Bin Musa as Group Chief Executive Officer, Effective December 18, 2022

Third quarter 2022 earnings released: RM0.001 loss per share (vs RM0 in 3Q 2021)

Avia Technique Ltd acquired 45% stake in Destini Avia Technique Sdn. Bhd from Destini Berhad (KLSE:DESTINI) for MYR2.9 million.

Destini Berhad Appoints Nurwahida Binti Mohd Yaakub as Independent and Non Executive Member of Nomination and Remuneration Committee

Destini Berhad Announces Resignation of Che Sulaiman Bin Shapie as Non-Independent and Non Executive Director

Destini Berhad (KLSE:DESTINI) Is Carrying A Fair Bit Of Debt

Second quarter 2022 earnings released: RM0.001 loss per share (vs RM0.001 profit in 2Q 2021)

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Is Destini Berhad (KLSE:DESTINI) Using Too Much Debt?

Destini Berhad, Annual General Meeting, Jun 21, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

A Look At The Fair Value Of Destini Berhad (KLSE:DESTINI)

Independent & Non-Executive Chairman Rodzali Bin Daud has left the company

Destini Berhad has completed a Follow-on Equity Offering in the amount of MYR 51.846736 million.

Second quarter 2021 earnings released: EPS RM0.001 (vs RM0.013 loss in 2Q 2020)

Destini Berhad Announces the Status of the Winding Up Petition Presented by TCR Solution Sdn Bhd or the Petitioner

A Look At The Intrinsic Value Of Destini Berhad (KLSE:DESTINI)

First quarter 2021 earnings released: EPS RM0.001 (vs RM0.01 loss in 1Q 2020)

Upgrade: The Latest Revenue Forecasts For Destini Berhad (KLSE:DESTINI)

Destini Berhad (KLSE:DESTINI) Is Making Moderate Use Of Debt

Downgrade: What You Need To Know About The Latest Destini Berhad (KLSE:DESTINI) Forecasts

Executive Director has left the company

Non Independent & Non Executive Director has left the company

Destini Berhad Reports Impairment of Goodwill and Assets for the Fourth Quarter Ended December 31, 2020

Full year 2020 earnings released: RM0.14 loss per share (vs RM0.21 loss in FY 2019)

Did The Underlying Business Drive Destini Berhad's (KLSE:DESTINI) Lovely 338% Share Price Gain?

Destini Berhad Enters into Joint Venture Agreement with Keretapi Tanah Melayu Berhad