Bintulu Port Holdings Berhad Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
09 Apr 2024
Bintulu Port Holdings Berhad (KLSE:BIPORT) Full Year 2023 Results
Key Financial Results
- Revenue: RM770.1m (down 2.9% from FY 2022).
- Net income: RM125.1m (down 2.1% from FY 2022).
- Profit margin: 16% (in line with FY 2022).
- EPS: RM0.27 (down from RM0.28 in FY 2022).
Bintulu Port Holdings Berhad EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 9.6%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Infrastructure industry in Asia.