Genting Singapore Full Year 2024 Earnings: EPS Misses Expectations
Genting Singapore (SGX:G13) Full Year 2024 Results
Key Financial Results
Revenue: S$2.53b (up 4.6% from FY 2023).
Net income: S$578.9m (down 5.3% from FY 2023).
Profit margin: 23% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: S$0.048 (down from S$0.051 in FY 2023).
SGX:G13 Earnings and Revenue Growth February 21st 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genting Singapore EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Asia.
Performance of the market in Singapore.
The company's shares are down 1.3% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Genting Singapore that you need to be mindful of.
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