Advertisement
Australia markets open in 6 hours 55 minutes
  • ALL ORDS

    8,166.40
    -42.80 (-0.52%)
     
  • AUD/USD

    0.6644
    -0.0042 (-0.63%)
     
  • ASX 200

    7,931.70
    -39.90 (-0.50%)
     
  • OIL

    80.06
    -0.07 (-0.09%)
     
  • GOLD

    2,394.60
    -4.50 (-0.19%)
     
  • Bitcoin AUD

    100,970.71
    -647.67 (-0.64%)
     
  • CMC Crypto 200

    1,382.62
    -22.72 (-1.62%)
     

Close the Loop First Half 2024 Earnings: EPS: AU$0.009 (vs AU$0.012 in 1H 2023)

Close the Loop (ASX:CLG) First Half 2024 Results

Key Financial Results

  • Revenue: AU$103.1m (up 76% from 1H 2023).

  • Net income: AU$4.93m (up 22% from 1H 2023).

  • Profit margin: 4.8% (down from 6.9% in 1H 2023). The decrease in margin was driven by higher expenses.

  • EPS: AU$0.009.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Close the Loop Earnings Insights

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Australia.

Performance of the Australian Commercial Services industry.

ADVERTISEMENT

The company's shares are down 2.7% 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 Close the Loop that you need to be mindful of.

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.