Sarawak Plantation Berhad (KLSE:SWKPLNT) Full Year 2023 Results

Key Financial Results

• Revenue: RM570.7m (down 20% from FY 2022).

• Net income: RM64.4m (down 33% from FY 2022).

• Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue.

• EPS: RM0.23 (down from RM0.35 in FY 2022).

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

Sarawak Plantation Berhad EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Sarawak Plantation Berhad that you should be aware of.

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