Yahoo Finance Genting Berhad Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Genting Berhad (KLSE:GENTING) Full Year 2023 Results
Key Financial Results
Revenue: RM27.1b (up 21% from FY 2022).
Net income: RM929.2m (up from RM299.9m loss in FY 2022).
Profit margin: 3.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: RM0.24 (up from RM0.078 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genting Berhad Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 26%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Hospitality industry in Malaysia.
Performance of the Malaysian Hospitality industry.
The company's shares are down 3.7% from a week ago.
Valuation
It's possible that Genting Berhad could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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