In This Article:
Alvopetro Energy (CVE:ALV) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$10.8m (down 20% from 2Q 2023).
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Net income: US$2.35m (down 76% from 2Q 2023).
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Profit margin: 22% (down from 73% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
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EPS: US$0.06 (down from US$0.27 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alvopetro Energy Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 3.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Alvopetro Energy that we have uncovered.
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