First Resources (SGX:EB5) First Half 2024 Results

Key Financial Results

• Revenue: US$457.2m (up 1.9% from 1H 2023).

• Net income: US$103.9m (up 45% from 1H 2023).

• Profit margin: 23% (up from 16% in 1H 2023). The increase in margin was primarily driven by lower expenses.

• EPS: US$0.067 (up from US$0.046 in 1H 2023).

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

First Resources Earnings Insights

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for First Resources (1 is a bit unpleasant) you should be aware of.

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