Sarawak Oil Palms Berhad Second Quarter 2024 Earnings: EPS: RM0.12 (vs RM0.054 in 2Q 2023)

Simply Wall St · 08/30 22:04

Sarawak Oil Palms Berhad (KLSE:SOP) Second Quarter 2024 Results

Key Financial Results

  • Revenue: RM1.14b (down 3.0% from 2Q 2023).
  • Net income: RM105.7m (up 120% from 2Q 2023).
  • Profit margin: 9.3% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: RM0.12 (up from RM0.054 in 2Q 2023).
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KLSE:SOP Earnings and Revenue Growth August 30th 2024

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

Sarawak Oil Palms Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 3.1%.

Performance of the Malaysian Food industry.

The company's shares are up 6.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Sarawak Oil Palms Berhad (1 can't be ignored!) that we have uncovered.