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).
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.
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