Magni-Tech Industries Berhad (KLSE:MAGNI) full year results for 2024
Key Financial Results
Revenue: RM1.34 billion (up 11% from FY2023).
Net profit: RM128.4 million (up 35% from FY2023).
Margin: 9.6% (up from 7.9% in FY2023). The increase in margin is due to increased revenue.
EPS: RM0.30 (up from RM0.22 in FY2023).
Revenue and income growth
All figures shown in the chart above are for the trailing twelve month (TTM) period.
MagniTech Industries EPS beats expectations
Revenues were in line with analyst expectations. Earnings per share (EPS) beat analyst expectations by 8.9%.
Looking ahead, revenues are expected to grow by an average of 5.1% over the next two years, with the luxury industry in Asia projected to grow by 11%.
Malaysian market performance.
The company's shares are little changed from a week ago.
Risk Analysis
Finally, we've spotted 1 warning sign for Magni-Tech Industries Berhad you should be aware of.
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