Ekovest Berhad Full Year 2024 Earnings: RM0.042 loss per share (vs RM0.041 loss in FY 2023)

Ekovest Berhad (KLSE:EKOVEST) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.15b (up 2.7% from FY 2023).
• Net loss: RM123.0m (loss widened by 11% from FY 2023).
• RM0.042 loss per share (further deteriorated from RM0.041 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ekovest Berhad Earnings Insights

The primary driver behind last 12 months revenue was the Construction Operations segment contributing a total revenue of RM712.6m (62% of total revenue). Notably, cost of sales worth RM745.7m amounted to 65% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM420.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how EKOVEST's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Malaysia.

Performance of the Malaysian Construction industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

Be aware that Ekovest Berhad is showing 1 warning sign in our investment analysis that you should know about...

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