Magni-Tech Industries Berhad (KLSE:MAGNI) Full Year 2024 Results

Key Financial Results

• Revenue: RM1.34b (up 11% from FY 2023).

• Net income: RM128.4m (up 35% from FY 2023).

• Profit margin: 9.6% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue.

• EPS: RM0.30 (up from RM0.22 in FY 2023).

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

Magni-Tech Industries Berhad EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%.

The primary driver behind last 12 months revenue was the Manufacturing and Sales of Garments segment contributing a total revenue of RM1.26b (94% of total revenue). Notably, cost of sales worth RM1.13b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM59.2m (70% of total expenses). Explore how MAGNI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Magni-Tech Industries Berhad you should be aware of.

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