Genting Berhad Third Quarter 2024 Earnings: EPS: RM0.058 (vs RM0.14 in 3Q 2023)

Genting Berhad (KLSE:GENTING) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM6.54b (down 11% from 3Q 2023).
• Net income: RM223.8m (down 57% from 3Q 2023).
• Profit margin: 3.4% (down from 7.1% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.058 (down from RM0.14 in 3Q 2023).

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

Genting Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% 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 down 1.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Genting Berhad has 1 warning sign we think you should be aware of.

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