In This Article:
Hong Leong Asia (SGX:H22) Full Year 2024 Results
Key Financial Results
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Revenue: S$4.25b (up 4.1% from FY 2023).
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Net income: S$87.4m (up 35% from FY 2023).
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Profit margin: 2.1% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: S$0.12 (up from S$0.087 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Leong Asia EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 4.8%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Machinery industry in Singapore.
Performance of the Singaporean Machinery industry.
The company's shares are down 5.6% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Hong Leong Asia's balance sheet.
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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.