Saturday, November 30, 2024

Sarawak Oil Palms Berhad Third Quarter 2024 Earnings: EPS: RM0.14 (vs RM0.11 in 3Q 2023)

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  • Revenue: RM1.38b (up 8.5% from 3Q 2023).

  • Net income: RM121.8m (up 29% from 3Q 2023).

  • Profit margin: 8.8% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue.

  • EPS: RM0.14 (up from RM0.11 in 3Q 2023).

KLSE:SOP Earnings and Revenue Growth November 29th 2024

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

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company’s shares are up 9.5% from a week ago.

Before you take the next step you should know about the 2 warning signs for Sarawak Oil Palms Berhad (1 is significant!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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