Hap Seng Consolidated Berhad Full Year 2024 Earnings: EPS: RM0.26 (vs RM0.32 in FY 2023)

Hap Seng Consolidated Berhad (KLSE:HAPSENG) Full Year 2024 Results

Key Financial Results

• Revenue: RM5.63b (down 7.5% from FY 2023).
• Net income: RM650.5m (down 19% from FY 2023).
• Profit margin: 12% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.26 (down from RM0.32 in FY 2023).

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

The primary driver behind last 12 months revenue was the Trading segment contributing a total revenue of RM2.46b (44% of total revenue). Notably, cost of sales worth RM4.43b amounted to 79% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM620.7m 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 HAPSENG's revenue and expenses shape its earnings.

Hap Seng Consolidated Berhad shares are down 6.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Hap Seng Consolidated Berhad you should be aware of, and 1 of them shouldn't be ignored.

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