Mr DIY Group (M) Berhad (KLSE:MRDIY) Full Year 2023 Results
Main financial results
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Revenue: 4.36 billion ringgit (9.4% increase compared to FY2022).
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Net profit: 560.7 million ringgit (19% increase compared to FY2022).
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Profit margin: 13% (up from 12% in FY2022). The increase in margin was driven by an increase in revenue.
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EPS: RM0.059 (up from RM0.05 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Mr. DIY Group (M) Berhad's earnings are disappointing
Sales were 3.2% lower than analysts expected. Earnings per share (EPS) were roughly in line with analyst forecasts.
The main revenue driver for the past 12 months was the Malaysian division, contributing RM4.33 billion (99% of total revenue). In particular, the cost of goods sold, worth RM2.38 billion, accounted for 55% of total revenue, highlighting the impact on revenue.Find out how MRDIY's income and expenses form its bottom line.
Looking ahead, revenues are expected to increase by an average of 13% per year over the next three years, compared to a growth forecast of 9.3% for Malaysia's specialty retail industry.
performance of Malaysian specialty retail industry.
The company's stock price rose 5.5% from the previous week.
risk analysis
For example, you still need to be aware of the risks – says DIY Group (M) Berhad. 1 warning sign I think you should know.
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