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