Lbalum latest QR Summary
Summary of LB Aluminium Berhad's Fourth Quarterly Report FY2024
Revenue
- **Quarterly Performance**: The Group’s revenue increased by 48.0% to RM273.57 million in 4Q2024 from RM184.83 million in 4Q2023, driven by higher contributions from both the aluminium and property segments.
- **Annual Performance**: For the financial year ended 30 April 2024, the Group’s revenue increased by 22.9% to RM955.52 million from RM777.78 million in FY2023, primarily due to higher contributions from the property segment.
- **Quarterly Performance**: The Group’s revenue increased by 48.0% to RM273.57 million in 4Q2024 from RM184.83 million in 4Q2023, driven by higher contributions from both the aluminium and property segments.
- **Annual Performance**: For the financial year ended 30 April 2024, the Group’s revenue increased by 22.9% to RM955.52 million from RM777.78 million in FY2023, primarily due to higher contributions from the property segment.
Aluminium Segment
- **Quarterly Revenue**: Increased by 33.6% to RM179.70 million in 4Q2024.
- **Annual Revenue**: Marginally decreased to RM652.04 million from RM665.80 million in FY2023 due to lower average selling prices.
- **Quarterly Profit Before Taxation (PBT)**: Increased by 65.0% to RM14.86 million due to higher revenue, improved margins, and the reversal of impairment losses on trade receivables.
- **Annual PBT**: Decreased by 37.9% to RM32.64 million from RM52.60 million in FY2023 due to lower margins.
- **Quarterly Revenue**: Increased by 33.6% to RM179.70 million in 4Q2024.
- **Annual Revenue**: Marginally decreased to RM652.04 million from RM665.80 million in FY2023 due to lower average selling prices.
- **Quarterly Profit Before Taxation (PBT)**: Increased by 65.0% to RM14.86 million due to higher revenue, improved margins, and the reversal of impairment losses on trade receivables.
- **Annual PBT**: Decreased by 37.9% to RM32.64 million from RM52.60 million in FY2023 due to lower margins.
Property Segment
- **Quarterly Revenue**: Increased to RM93.88 million from RM50.30 million in 4Q2023, driven by higher cumulative sales and work progress of SASaR and PSV 1 Residences projects.
- **Annual Revenue**: Increased significantly to RM303.48 million from RM111.98 million in FY2023.
- **Quarterly PBT**: Recorded RM1.73 million compared to a loss of RM3.69 million in 4Q2023.
- **Annual PBT**: Improved to RM17.92 million from a loss of RM5.91 million in FY2023.
- **Quarterly Revenue**: Increased to RM93.88 million from RM50.30 million in 4Q2023, driven by higher cumulative sales and work progress of SASaR and PSV 1 Residences projects.
- **Annual Revenue**: Increased significantly to RM303.48 million from RM111.98 million in FY2023.
- **Quarterly PBT**: Recorded RM1.73 million compared to a loss of RM3.69 million in 4Q2023.
- **Annual PBT**: Improved to RM17.92 million from a loss of RM5.91 million in FY2023.
Profit After Taxation
- **Quarterly Profit**: Increased to RM9.38 million from RM5.93 million in 4Q2023.
- **Annual Profit**: Slightly decreased to RM36.56 million from RM36.99 million in FY2023 due to higher taxation.
- **Quarterly Profit**: Increased to RM9.38 million from RM5.93 million in 4Q2023.
- **Annual Profit**: Slightly decreased to RM36.56 million from RM36.99 million in FY2023 due to higher taxation.
Current Year Prospects
- **Global Economy**: Expected to grow between 2.7% and 3.2% in 2024 with risks including geopolitical instability and high interest rates.
- **Malaysian Economy**: Expected growth of 4.0% - 5.0% in 2024, supported by strong household spending and increased private investment, but subject to global economic headwinds.
- **Global Economy**: Expected to grow between 2.7% and 3.2% in 2024 with risks including geopolitical instability and high interest rates.
- **Malaysian Economy**: Expected growth of 4.0% - 5.0% in 2024, supported by strong household spending and increased private investment, but subject to global economic headwinds.
### Conclusion
Investing in LB Aluminium Berhad appears promising given the substantial growth in revenue and profitability, particularly in the property segment. The aluminium segment, despite facing challenges such as lower margins and fluctuating prices, showed robust quarterly performance improvements. The company's cautious optimism for the upcoming quarters and the positive economic outlook for Malaysia further support this investment potential.
Investing in LB Aluminium Berhad appears promising given the substantial growth in revenue and profitability, particularly in the property segment. The aluminium segment, despite facing challenges such as lower margins and fluctuating prices, showed robust quarterly performance improvements. The company's cautious optimism for the upcoming quarters and the positive economic outlook for Malaysia further support this investment potential.
However, potential investors should consider the risks associated with global economic conditions, geopolitical tensions, and commodity price fluctuations. Balancing these factors, LB Aluminium Berhad shows strong signs of profitability and growth, making it a potentially worthwhile investment.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
