In This Article:
Kenmare Resources (LON:KMR) First Half 2024 Results
Key Financial Results
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Revenue: US$165.1m (down 32% from 1H 2023).
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Net income: US$20.9m (down 69% from 1H 2023).
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Profit margin: 13% (down from 28% in 1H 2023). The decrease in margin was driven by lower revenue.
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EPS: US$0.23 (down from US$0.71 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kenmare Resources Earnings Insights
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom.
Performance of the British Metals and Mining industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Kenmare Resources has 3 warning signs (and 1 which is a bit unpleasant) we think 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.