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

Simply Wall St

January 24, 2025

Westports Holdings Berhad (KLSE:WPRTS) Full Year 2024 Results

Key Financial Results

Revenue: RM2.34b (up 8.9% from FY 2023).
Net income: RM898.0m (up 15% from FY 2023).
Profit margin: 38% (up from 36% in FY 2023). The increase in margin was driven by higher revenue.
EPS: RM0.26 (up from RM0.23 in FY 2023).

revenue-and-expenses-breakdown — KLSE:WPRTS Revenue and Expenses Breakdown January 24th 2025

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

Westports Holdings Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 5.7%.

In the last 12 months, the only revenue segment was Port Development and Management of Port Operations contributing RM2.34b. The most substantial expense, totaling RM296.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how WPRTS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Infrastructure industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 4.4% from a week ago.

Risk Analysis

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

Valuation is complex, but we're here to simplify it.

Discover if Westports Holdings Berhad might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.