Karora Resources (TSE:KRR) Full Year 2022 Results
Key Financial Results
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Revenue: CA$317.0m (up 20% from FY 2021).
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Net income: CA$9.90m (down 64% from FY 2021).
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Profit margin: 3.1% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses.
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EPS: CA$0.06 (down from CA$0.18 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Karora Resources Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Karora Resources (1 is a bit unpleasant) you should be aware of.
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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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