RH PetroGas Full Year 2023 Earnings: Misses Expectations

RH PetroGas (SGX:T13) Full Year 2023 Results

Key Financial Results

• Revenue: US$94.1m (down 10% from FY 2022).
• Net income: US$2.60m (down 87% from FY 2022).
• Profit margin: 2.8% (down from 19% in FY 2022).
• EPS: US$0.003 (down from US$0.024 in FY 2022).

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

RH PetroGas Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 68%.

Looking ahead, revenue is expected to fall by 1.3% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Singapore.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for RH PetroGas that we have uncovered.

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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.