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Namoi Cotton First Half 2023 Earnings: EPS: AU$0.072 (vs AU$0.03 in 1H 2022)

Namoi Cotton (ASX:NAM) First Half 2023 Results

Key Financial Results

  • Revenue: AU$74.8m (up 109% from 1H 2022).

  • Net income: AU$12.4m (up 163% from 1H 2022).

  • Profit margin: 17% (up from 13% in 1H 2022). The increase in margin was driven by higher revenue.

  • EPS: AU$0.072 (up from AU$0.03 in 1H 2022).

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

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

Namoi Cotton Earnings Insights

Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Australia are expected to grow by 4.6%.

Performance of the Australian Commercial Services industry.

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The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Namoi Cotton (1 shouldn't be ignored!) that you need to take into consideration.

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.

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