Tenaga Nasional Berhad Third Quarter 2024 Earnings: EPS: RM0.27 (vs RM0.15 in 3Q 2023)

Tenaga Nasional Berhad (KLSE:TENAGA) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM16.5b (up 7.0% from 3Q 2023).
• Net income: RM1.58b (up 85% from 3Q 2023).
• Profit margin: 9.6% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.27 (up from RM0.15 in 3Q 2023).

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

Tenaga Nasional Berhad Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Tenaga Nasional Berhad has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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