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Solarvest Holdings Berhad Full Year 2024 Earnings: Misses Expectations

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

Solarvest Holdings Berhad (KLSE:SLVEST) Full Year 2024 Results

Key Financial Results

  • Revenue: RM497.0m (up 36% from FY 2023).

  • Net income: RM32.6m (up 66% from FY 2023).

  • Profit margin: 6.6% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue.

  • EPS: RM0.049 (up from RM0.029 in FY 2023).

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

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

Solarvest Holdings Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 6.9%.

The primary driver behind last 12 months revenue was the EPCC of Solar Energy Solution segment contributing a total revenue of RM547.4m (110% of total revenue). Notably, cost of sales worth RM397.9m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM43.0m (65% of total expenses). Explore how SLVEST'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 23% growth forecast for the Electrical industry in Malaysia.

Performance of the Malaysian Electrical industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Solarvest Holdings Berhad 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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