Sinarmas Land Full Year 2023 Earnings: EPS: S$0.064 (vs S$0.081 in FY 2022)

Sinarmas Land (SGX:A26) Full Year 2023 Results

Key Financial Results

• Revenue: S$1.34b (up 7.9% from FY 2022).

• Net income: S$272.5m (down 21% from FY 2022).

• Profit margin: 20% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses.

• EPS: S$0.064 (down from S$0.081 in FY 2022).

revenue-and-expenses-breakdown

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 Indonesia Property segment contributing a total revenue of S$1.27b (95% of total revenue). The most substantial expense, totaling S$204.6m 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 A26's revenue and expenses shape its earnings.

Sinarmas Land shares are down 3.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Sinarmas Land's balance sheet.

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