Hume Cement Industries Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Hume Cement Industries Berhad (KLSE:HUMEIND) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.21b (up 19% from FY 2023).
• Net income: RM210.9m (up 251% from FY 2023).
• Profit margin: 18% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.36 (up from RM0.12 in FY 2023).

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

Hume Cement Industries Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Construction Materials segment contributing a total revenue of RM1.20b (100% of total revenue). Notably, cost of sales worth RM744.0m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to RM138.5m (55% of total expenses). Explore how HUMEIND's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Hume Cement Industries Berhad that we have uncovered.

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