Genting Plantations Berhad Second Quarter 2024 Earnings: EPS: RM0.095 (vs RM0.079 in 2Q 2023)

Genting Plantations Berhad (KLSE:GENP) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM757.2m (down 6.1% from 2Q 2023).
• Net income: RM85.1m (up 20% from 2Q 2023).
• Profit margin: 11% (up from 8.8% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.095 (up from RM0.079 in 2Q 2023).

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

Genting Plantations Berhad Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

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

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