Lagenda Properties Berhad (KLSE:LAGENDA) Full Year 2023 Results

Key Financial Results

• Revenue: RM834.9m (down 3.7% from FY 2022).

• Net income: RM148.3m (down 17% from FY 2022).

• Profit margin: 18% (down from 21% in FY 2022).

• EPS: RM0.18 (down from RM0.21 in FY 2022).

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

Lagenda Properties Berhad EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Property Development segment contributing a total revenue of RM718.7m (86% of total revenue). Notably, cost of sales worth RM532.6m amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM80.2m 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 LAGENDA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Real Estate industry in Malaysia.

Performance of the Malaysian Real Estate industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lagenda Properties Berhad has 1 warning sign we think you should be aware of.

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