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Resolute Mining First Half 2023 Earnings: EPS: US$0.043 (vs US$0.022 loss in 1H 2022)

Resolute Mining (ASX:RSG) First Half 2023 Results

Key Financial Results

  • Revenue: US$329.5m (up 3.7% from 1H 2022).

  • Net income: US$73.8m (up from US$24.3m loss in 1H 2022).

  • Profit margin: 22% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses.

  • EPS: US$0.043 (up from US$0.022 loss in 1H 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Resolute Mining Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

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The company's shares are up 11% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Resolute Mining, and understanding it should be part of your investment process.

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.