Genting Malaysia Berhad Third Quarter 2024 Earnings: EPS: RM0.10 (vs RM0.031 in 3Q 2023)

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

Key Financial Results

• Revenue: RM2.75b (up 1.5% from 3Q 2023).
• Net income: RM569.2m (up 221% from 3Q 2023).
• Profit margin: 21% (up from 6.5% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: RM0.10 (up from RM0.031 in 3Q 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 4.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Hospitality industry in Malaysia.

Performance of the Malaysian Hospitality industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Genting Malaysia Berhad that we have uncovered.

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