In This Article:
Geo Energy Resources (SGX:RE4) Full Year 2024 Results
Key Financial Results
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Revenue: US$401.9m (down 18% from FY 2023).
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Net income: US$37.1m (down 40% from FY 2023).
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Profit margin: 9.2% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$0.027 (down from US$0.044 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Geo Energy Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Oil and Gas industry in Asia.
Performance of the market in Singapore.
The company's shares are down 3.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Geo Energy Resources you should know about.
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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.