Genetec Technology Berhad Full Year 2024 Earnings: Misses Expectations

Genetec Technology Berhad (KLSE:GENETEC) Full Year 2024 Results

Key Financial Results

• Revenue: RM277.6m (down 6.6% from FY 2023).
• Net income: RM68.9m (up 5.2% from FY 2023).
• Profit margin: 25% (up from 22% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.09.

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

Genetec Technology Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Malaysia.

Performance of the Malaysian Semiconductor industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Genetec Technology Berhad that you need to take into consideration.

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