Genting Berhad Full Year 2024 Earnings: Misses Expectations

Genting Berhad (KLSE:GENTING) Full Year 2024 Results

Key Financial Results

• Revenue: RM27.7b (up 2.2% from FY 2023).
• Net income: RM883.0m (down 5.0% from FY 2023).
• Profit margin: 3.2% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.23 (down from RM0.24 in FY 2023).

Our free stock report includes 1 warning sign investors should be aware of before investing in Genting Berhad. Read for free now.

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

Genting Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 45%.

The primary driver behind last 12 months revenue was the Leisure & Hospitality - Singapore segment contributing a total revenue of RM8.67b (31% of total revenue). Notably, cost of sales worth RM19.6b amounted to 71% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM3.73b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GENTING'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 4.9% growth forecast for the Hospitality industry in Malaysia.

Performance of the Malaysian Hospitality industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Genting Berhad that you should be aware of before investing here.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks


Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.