Stock Analysis
United Plantations Berhad First Quarter 2024 Earnings: EPS: RM0.32 (vs RM0.27 in 1Q 2023)
United Plantations Berhad (KLSE:UTDPLT) First Quarter 2024 Results
Key Financial Results
- Revenue: RM476.7m (up 3.6% from 1Q 2023).
- Net income: RM132.9m (up 19% from 1Q 2023).
- Profit margin: 28% (up from 24% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: RM0.32 (up from RM0.27 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Plantations Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Food industry in Malaysia.
Performance of the Malaysian Food industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for United Plantations Berhad (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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About KLSE:UTDPLT
United Plantations Berhad
United Plantations Berhad engages in the cultivation and processing of oil palm and coconuts in Malaysia, Indonesia, Europe, the United States, and internationally.
Flawless balance sheet, undervalued and pays a dividend.