Sunway Construction Group Berhad Third Quarter 2024 Earnings: Beats Expectations

Sunway Construction Group Berhad (KLSE:SUNCON) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM865.3m (up 28% from 3Q 2023).
• Net income: RM46.5m (up 33% from 3Q 2023).
• Profit margin: 5.4% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.036 (up from RM0.027 in 3Q 2023).

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

Sunway Construction Group Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia.

Performance of the Malaysian Construction industry.

The company's shares are up 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Sunway Construction Group Berhad's balance sheet health.

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