Propel Funeral Partners First Half 2023 Earnings: EPS: AU$0.087 (vs AU$0.086 loss in 1H 2022)

Propel Funeral Partners (ASX:PFP) First Half 2023 Results

Key Financial Results

• Revenue: AU$83.8m (up 23% from 1H 2022).
• Net income: AU$10.2m (up from AU$9.20m loss in 1H 2022).
• Profit margin: 12% (up from net loss in 1H 2022). The move to profitability was primarily driven by higher revenue.
• EPS: AU$0.087 (up from AU$0.086 loss in 1H 2022).

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

Propel Funeral Partners Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia.

Performance of the Australian Consumer Services industry.

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

Risk Analysis

It is worth noting though that we have found 1 warning sign for Propel Funeral Partners that you need to take into consideration.

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