In This Article:
TruFin (LON:TRU) First Half 2024 Results
Key Financial Results
-
Revenue: UK£25.3m (up 198% from 1H 2023).
-
Net income: UK£3.02m (up from UK£6.00m loss in 1H 2023).
-
Profit margin: 12% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue.
-
EPS: UK£0.029 (up from UK£0.064 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TruFin Earnings Insights
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Diversified Financial industry in the United Kingdom.
Performance of the British Diversified Financial industry.
The company's shares are up 9.9% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for TruFin (of which 1 is a bit unpleasant!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.