June 21, 2024
Finance

Wellcall Holdings Berhad Full Year 2023 Earnings: Beats Expectations


Wellcall Holdings Berhad (KLSE:WELLCAL) Full Year 2023 Results

Key Financial Results

  • Revenue: RM217.2m (up 23% from FY 2022).

  • Net income: RM55.3m (up 66% from FY 2022).

  • Profit margin: 26% (up from 19% in FY 2022). The increase in margin was driven by higher revenue.

  • EPS: RM0.11 (up from RM0.067 in FY 2022).

revenue-and-expenses-breakdown

revenue-and-expenses-breakdown

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

Wellcall Holdings Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

The primary driver behind last 12 months revenue was the United States of America (USA)/Canada segment contributing a total revenue of RM67.3m (31% of total revenue). Notably, cost of sales worth RM131.1m amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM15.8m (51% of total expenses). Explore how WELLCAL’s revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Malaysia.

Performance of the Malaysian Machinery industry.

The company’s shares are up 3.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 1 warning sign for Wellcall Holdings Berhad you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.



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