Homeritz Corporation Berhad Full Year 2024 Earnings: Beats Expectations

Homeritz Corporation Berhad (KLSE:HOMERIZ) Full Year 2024 Results

Key Financial Results

• Revenue: RM232.8m (up 40% from FY 2023).
• Net income: RM34.2m (up 31% from FY 2023).
• Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.074 (up from RM0.056 in FY 2023).

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

Homeritz Corporation Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%.

The primary driver behind last 12 months revenue was the Asia and Asia Pacific (Excluding Malaysia) segment contributing a total revenue of RM102.0m (44% of total revenue). The largest operating expense was General & Administrative costs, amounting to RM47.8m (53% of total expenses). Explore how HOMERIZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Malaysia.

Performance of the Malaysian Consumer Durables industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Homeritz Corporation Berhad that you should be aware of before investing here.

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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.