Leong Hup International Berhad Full Year 2024 Earnings: Beats Expectations

Leong Hup International Berhad (KLSE:LHI) Full Year 2024 Results

Key Financial Results

• Revenue: RM9.43b (down 3.9% from FY 2023).
• Net income: RM428.9m (up 42% from FY 2023).
• Profit margin: 4.5% (up from 3.1% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.12 (up from RM0.083 in FY 2023).

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

Leong Hup International Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

The primary driver behind last 12 months revenue was the Feedmill segment contributing a total revenue of RM5.49b (58% of total revenue). Notably, cost of sales worth RM6.63b amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM1.08b (46% of total expenses). Explore how LHI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

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

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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.