GFM Services Berhad Full Year 2024 Earnings: EPS: RM0.031 (vs RM0.04 in FY 2023)
GFM Services Berhad's full-year 2024 earnings showed a decrease in profit margin from 19% in the previous year to 13%, primarily driven by higher expenses. The company reported revenue of RM190.4 million, up 31% from FY 2023, and net income of RM23.7 million, down 13%. Despite this decline, GFM Services Berhad shares are still up 4.3% from a week ago.
- This mixed bag of numbers raises questions about GFM Services Berhad's ability to balance growth with expense management, a delicate tightrope that could impact its long-term financial health.
- What specific areas will the company focus on to improve efficiency and drive further revenue growth in FY 2025?