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Lucara Diamond Full Year 2023 Earnings: US$0.044 loss per share (vs US$0.089 profit in FY 2022)

Lucara Diamond (TSE:LUC) Full Year 2023 Results

Key Financial Results

  • Revenue: US$177.4m (down 17% from FY 2022).

  • Net loss: US$20.2m (down by 150% from US$40.4m profit in FY 2022).

  • US$0.044 loss per share (down from US$0.089 profit in FY 2022).

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

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

Lucara Diamond Earnings Insights

Looking ahead, revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 6.3% 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 Lucara Diamond 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.