Mr D.I.Y. Group (M) Berhad Full Year 2023 Earnings: Revenues Disappoint
Mr D.I.Y. Group (M) Berhad (KLSE:MRDIY) Full Year 2023 Results
Key Financial Results
Revenue: RM4.36b (up 9.4% from FY 2022).
Net income: RM560.7m (up 19% from FY 2022).
Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
EPS: RM0.059 (up from RM0.05 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mr D.I.Y. Group (M) Berhad Revenues Disappoint
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Malaysia segment contributing a total revenue of RM4.33b (99% of total revenue). Notably, cost of sales worth RM2.38b amounted to 55% of total revenue thereby underscoring the impact on earnings.Explore how MRDIY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Specialty Retail industry in Malaysia.
Performance of the Malaysian Specialty Retail industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Mr D.I.Y. Group (M) Berhad has 1 warning sign we think you should be aware of.
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