LBS Bina Group Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

LBS Bina Group Berhad (KLSE:LBS) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.43b (down 21% from FY 2023).
• Net income: RM65.4m (down 48% from FY 2023).
• Profit margin: 4.6% (down from 6.9% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.042 (down from RM0.081 in FY 2023).

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

LBS Bina Group Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Real Estate industry in Malaysia.

Performance of the Malaysian Real Estate industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for LBS Bina Group Berhad that you should be aware of.

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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.