Pantech Group Holdings Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pantech Group Holdings Berhad (KLSE:PANTECH) Full Year 2024 Results

Key Financial Results

• Revenue: RM946.6m (down 8.8% from FY 2023).
• Net income: RM105.5m (down 8.7% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: RM0.13 (down from RM0.14 in FY 2023).

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

Pantech Group Holdings Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 6.3%.

The primary driver behind last 12 months revenue was the Trading of PVF Products segment contributing a total revenue of RM539.1m (57% of total revenue). Notably, cost of sales worth RM724.1m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM67.3m (58% of total expenses). Explore how PANTECH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Metals and Mining industry in Malaysia.

Performance of the Malaysian Metals and Mining industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Pantech Group Holdings Berhad you should know about.

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