Yahoo Finance Central Petroleum First Half 2023 Earnings: AU$0.015 loss per share (vs AU$0.042 profit in 1H 2022)
Central Petroleum (ASX:CTP) First Half 2023 Results
Key Financial Results
Revenue: AU$16.7m (down 29% from 1H 2022).
Net loss: AU$11.2m (down by 137% from AU$30.5m profit in 1H 2022).
AU$0.015 loss per share (down from AU$0.042 profit in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Central Petroleum Earnings Insights
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat.
Performance of the Australian Oil and Gas industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Central Petroleum 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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