LPI Capital Bhd Full Year 2024 Earnings: EPS Beats Expectations

LPI Capital Bhd (KLSE:LPI) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.89b (flat on FY 2023).
• Net income: RM377.1m (up 20% from FY 2023).
• Profit margin: 20% (up from 17% in FY 2023).
• EPS: RM0.95 (up from RM0.79 in FY 2023).

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

LPI Capital Bhd EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

The primary driver behind last 12 months revenue was the General Insurance segment contributing a total revenue of RM1.88b (99% of total revenue). Notably, cost of sales worth RM1.40b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM95.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how LPI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% decline forecast for the Insurance industry in Malaysia.

Performance of the Malaysian Insurance industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for LPI Capital Bhd (1 is a bit unpleasant!) that we have uncovered.

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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.