26-02-2025
Sunway Construction Group Berhad Full Year 2024 Earnings: Beats Expectations
Revenue: RM3.52b (up 32% from FY 2023).
Net income: RM186.9m (up 29% from FY 2023).
Profit margin: 5.3% (down from 5.4% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: RM0.14 (up from RM0.11 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%.
The primary driver behind last 12 months revenue was the Construction segment contributing a total revenue of RM4.27b (121% of total revenue). Notably, cost of sales worth RM3.31b amounted to 94% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM75.3m 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 SUNCON's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Malaysia.
Performance of the Malaysian Construction industry.
The company's shares are up 5.8% from a week ago.
We should say that we've discovered 1 warning sign for Sunway Construction Group Berhad that you should be aware of before investing here.
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