Aeris Resources (ASX:AIS) First Half 2023 Results
Key Financial Results
Revenue: AU$310.0m (up 58% from 1H 2022).
Net loss: AU$49.8m (down by 453% from AU$14.1m profit in 1H 2022).
AU$0.072 loss per share (down from AU$0.044 profit in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aeris Resources Earnings Insights
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
The company's shares are down 23% from a week ago.
We don't want to rain on the parade too much, but we did also find 2 warning signs for Aeris Resources (1 doesn't sit too well with us!) that you need to be mindful 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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