MSM Malaysia Holdings Berhad Full Year 2024 Earnings: Misses Expectations
MSM Malaysia Holdings Berhad (KLSE:MSM) Full Year 2024 Results
Key Financial Results
- Revenue: RM3.54b (up 15% from FY 2023).
- Net income: RM31.3m (up from RM49.9m loss in FY 2023).
- Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: RM0.044 (up from RM0.071 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MSM Malaysia Holdings Berhad Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 7.3%.
The primary driver behind last 12 months revenue was the Malaysia segment contributing a total revenue of RM2.54b (72% of total revenue). Notably, cost of sales worth RM3.33b amounted to 94% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM81.0m (44% of total expenses). Explore how MSM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.3% 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 10% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for MSM Malaysia Holdings Berhad you should be aware of, and 1 of them is a bit unpleasant.
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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.
About KLSE:MSM
MSM Malaysia Holdings Berhad
Produces, refines, markets, and sells refined sugar products in Malaysia.
Fair value with moderate growth potential.
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