Bonia Corporation Berhad Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Bonia Corporation Berhad (KLSE:BONIA) Full Year 2024 Results

Key Financial Results

• Revenue: RM413.7m (down 2.5% from FY 2023).
• Net income: RM33.8m (down 39% from FY 2023).
• Profit margin: 8.2% (down from 13% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: RM0.17 (down from RM0.27 in FY 2023).

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

Bonia Corporation Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Retailing segment contributing a total revenue of RM410.7m (99% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to RM116.4m (53% of total expenses). Explore how BONIA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Specialty Retail industry in Malaysia.

Performance of the Malaysian Specialty Retail industry.

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

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Bonia Corporation Berhad that you should be aware of.

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