Jaya Tiasa Holdings Berhad Full Year 2024 Earnings: Misses Expectations

Jaya Tiasa Holdings Berhad (KLSE:JTIASA) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.02b (up 19% from FY 2023).
• Net income: RM128.9m (down 15% from FY 2023).
• Profit margin: 13% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.13 (down from RM0.16 in FY 2023).

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

Jaya Tiasa Holdings Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 20%.

The primary driver behind last 12 months revenue was the Oil Mill segment contributing a total revenue of RM916.9m (90% of total revenue). Notably, cost of sales worth RM709.3m amounted to 70% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM113.2m 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 JTIASA's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Forestry industry in Asia are expected to grow by 11%.

Performance of the market in Malaysia.

The company's shares are up 2.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Jaya Tiasa Holdings Berhad, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.