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New Zealand Oil & Gas Reports Full Year 2023 Earnings

New Zealand Oil & Gas (NZSE:NZO) Full Year 2023 Results

Key Financial Results

  • Revenue: NZ$98.8m (up 18% from FY 2022).

  • Net income: NZ$10.8m (down 37% from FY 2022).

  • Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses.

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

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

New Zealand Oil & Gas shares are up 1.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for New Zealand Oil & Gas that you should be aware 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.