Bumitama Agri Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Bumitama Agri (SGX:P8Z) Full Year 2023 Results

Key Financial Results

• Revenue: Rp15t (down 2.4% from FY 2022).
• Net income: Rp2.45t (down 13% from FY 2022).
• Profit margin: 16% (down from 18% in FY 2022).
• EPS: Rp1,412 (down from Rp1,618 in FY 2022).

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

Bumitama Agri EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 2.1%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Bumitama Agri (at least 1 which is significant), and understanding them should be part of your investment process.

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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.