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First Resources Full Year 2023 Earnings: Revenues Miss Expectations

editorial-team@simplywallst.com (Simply Wall St)
1 min read

In This Article:

First Resources (SGX:EB5) Full Year 2023 Results

Key Financial Results

  • Revenue: US$980.6m (down 20% from FY 2022).

  • Net income: US$145.4m (down 55% from FY 2022).

  • Profit margin: 15% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue.

earnings-and-revenue-history
SGX:EB5 Earnings and Revenue History February 29th 2024

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

First Resources Revenues Disappoint

Revenue missed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for First Resources that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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