Kumpulan Kitacon Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Kumpulan Kitacon Berhad (KLSE:KITACON) Full Year 2024 Results

Key Financial Results

• Revenue: RM937.4m (up 20% from FY 2023).
• Net income: RM51.9m (up 43% from FY 2023).
• Profit margin: 5.5% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.10 (up from RM0.073 in FY 2023).

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

Kumpulan Kitacon Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in Malaysia.

Performance of the Malaysian Construction industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Kumpulan Kitacon Berhad that you need to be mindful of.

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