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Food Empire Holdings (SGX:F03) Full Year 2024 Results

Key Financial Results

• Revenue: US$476.3m (up 12% from FY 2023).

• Net income: US$52.5m (down 7.0% from FY 2023).

• Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.10 (down from US$0.11 in FY 2023).

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

Food Empire Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are down 5.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Food Empire Holdings has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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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.