Tat Seng Packaging Group Full Year 2024 Earnings: EPS: S$0.12 (vs S$0.12 in FY 2023)

Tat Seng Packaging Group (SGX:T12) Full Year 2024 Results

Key Financial Results

• Revenue: S$253.9m (down 1.9% from FY 2023).
• Net income: S$18.8m (flat on FY 2023).
• Profit margin: 7.4% (up from 7.3% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: S$0.12 (in line with FY 2023).

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

The primary driver behind last 12 months revenue was the People’s Republic of China (PRC) segment contributing a total revenue of S$208.0m (82% of total revenue). Notably, cost of sales worth S$197.5m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to S$17.2m (46% of total expenses). Explore how T12's revenue and expenses shape its earnings.

Tat Seng Packaging Group shares are down 1.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Tat Seng Packaging Group (1 is significant!) that you need to take into consideration.

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