Genting Malaysia Berhad Second Quarter 2024 Earnings: EPS: RM0.015 (vs RM0.008 in 2Q 2023)

Genting Malaysia Berhad (KLSE:GENM) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM2.67b (up 7.9% from 2Q 2023).
• Net income: RM82.2m (up 75% from 2Q 2023).
• Profit margin: 3.1% (up from 1.9% in 2Q 2023).
• EPS: RM0.015 (up from RM0.008 in 2Q 2023).

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

Genting Malaysia Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Hospitality industry in Malaysia.

Performance of the Malaysian Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Genting Malaysia Berhad you should be aware of, and 1 of them makes us a bit uncomfortable.

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