Bintulu Port Holdings Berhad Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Bintulu Port Holdings Berhad (KLSE:BIPORT) Full Year 2023 Results

Key Financial Results

• Revenue: RM770.1m (down 2.9% from FY 2022).
• Net income: RM125.1m (down 2.1% from FY 2022).
• Profit margin: 16% (in line with FY 2022).
• EPS: RM0.27 (down from RM0.28 in FY 2022).

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

Bintulu Port Holdings Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 9.6%.

The primary driver behind last 12 months revenue was the Port Operations segment contributing a total revenue of RM734.3m (95% of total revenue). Explore how BIPORT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Infrastructure industry in Asia.

Performance of the market in Malaysia.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Bintulu Port Holdings 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.