Sunway Berhad Full Year 2024 Earnings: Beats Expectations

Sunway Berhad (KLSE:SUNWAY) Full Year 2024 Results

Key Financial Results

• Revenue: RM7.88b (up 28% from FY 2023).
• Net income: RM1.10b (up 61% from FY 2023).
• Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.17 (up from RM0.12 in FY 2023).

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

Sunway Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

The primary driver behind last 12 months revenue was the Construction segment contributing a total revenue of RM4.44b (56% of total revenue). Notably, cost of sales worth RM6.05b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM619.3m (57% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of RM345.6m. Explore how SUNWAY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Industrials industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 6.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Sunway Berhad's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.