Eastern & Oriental Berhad Full Year 2024 Earnings: Below Expectations

Eastern & Oriental Berhad (KLSE:E&O) Full Year 2024 Results

Key Financial Results

• Revenue: RM422.8 million (up 33% compared to fiscal 2023).

• Net income: RM133.6 million (up 200% compared to fiscal 2023).

• Profit margin: 32% (up from 14% in FY2023).

• Earnings per share: RM0.077 (up from RM0.031 in FY2023).

All numbers shown in the chart above are for the last 12 months (TTM)

Eastern & Oriental Berhad’s Revenues and Profits Fall Short of Expectations

Revenue was 2.6% below analyst estimates. Earnings per share (EPS) was also 4.8% below analyst estimates.

Revenues are forecast to grow at an average annual rate of 18% over the next 3 years, while the Malaysian real estate industry is forecast to grow at an average rate of 8.0%.

Efficiency Malaysian real estate industry.

The company’s shares fell 1.6% from the previous week.

Risk assessment

Before we finish, we discovered 3 Warning Signs for Eastern and Oriental Berhads (1 is potentially serious!) what you should know.

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