PPB Group Berhad (KLSE:PPB) Full Year 2023 Results
Key Financial Results
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Revenue: RM5.72b (down 7.0% from FY 2022).
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Net income: RM1.39b (down 37% from FY 2022).
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Profit margin: 24% (down from 36% in FY 2022). The decrease in margin was primarily driven by higher expenses.
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EPS: RM0.98 (down from RM1.54 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PPB Group Berhad EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Malaysia.
Performance of the Malaysian Food industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we’ve discovered 2 warning signs for PPB Group Berhad that you should be aware of before investing here.
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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.
