Yahoo Finance Iluka Resources Full Year 2023 Earnings: Beats Expectations
Iluka Resources (ASX:ILU) Full Year 2023 Results
Key Financial Results
Revenue: AU$1.33b (down 18% from FY 2022).
Net income: AU$342.6m (down 33% from FY 2022).
Profit margin: 26% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: AU$0.81 (down from AU$1.22 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Iluka Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
Performance of the Australian Metals and Mining industry.
The company's shares are up 9.3% from a week ago.
Risk Analysis
Be aware that Iluka Resources is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...
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