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IJM Corporation Berhad Full Year 2024 Earnings: Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)
1 min read

IJM Corporation Berhad (KLSE:IJM) Full Year 2024 Results

Key Financial Results

  • Revenue: RM5.92b (up 29% from FY 2023).

  • Net income: RM600.3m (up 279% from FY 2023).

  • Profit margin: 10% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.

  • EPS: RM0.17 (up from RM0.045 in FY 2023).

revenue-and-expenses-breakdown
KLSE:IJM Revenue and Expenses Breakdown August 5th 2024

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

IJM Corporation Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 59%.

The primary driver behind last 12 months revenue was the Construction segment contributing a total revenue of RM2.45b (41% of total revenue). Notably, cost of sales worth RM4.37b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM613.3m 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 IJM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia.

Performance of the Malaysian Construction industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

Be aware that IJM Corporation Berhad is showing 1 warning sign in our investment analysis that 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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