Magni-Tech Industries Berhad Full Year 2024 Earnings: EPS Beats Expectations
Magni-Tech Industries Berhad (KLSE:MAGNI) Full Year 2024 Results
Key Financial Results
- Revenue: RM1.34b (up 11% from FY 2023).
- Net income: RM128.4m (up 35% from FY 2023).
- Profit margin: 9.6% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: RM0.30 (up from RM0.22 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Magni-Tech Industries Berhad EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%.
The primary driver behind last 12 months revenue was the Manufacturing and Sales of Garments segment contributing a total revenue of RM1.26b (94% of total revenue). Notably, cost of sales worth RM1.13b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM59.2m (70% of total expenses). Explore how MAGNI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.
Performance of the market in Malaysia.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Magni-Tech Industries Berhad that you need to take into consideration.
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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.
About KLSE:MAGNI
Magni-Tech Industries Berhad
An investment holding company, manufactures and sells garments and packaging materials in Malaysia and Vietnam.
Flawless balance sheet, undervalued and pays a dividend.
