Mount Gibson Iron Full Year 2023 Earnings: EPS: AU$0.004 (vs AU$0.15 loss in FY 2022)

Mount Gibson Iron (ASX:MGX) Full Year 2023 Results

Key Financial Results

• Revenue: AU$452.6m (up 222% from FY 2022).
• Net income: AU$5.18m (up from AU$174.1m loss in FY 2022).
• Profit margin: 1.1% (up from net loss in FY 2022).
• EPS: AU$0.004 (up from AU$0.15 loss in FY 2022).

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

Mount Gibson Iron Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

Be aware that Mount Gibson Iron is showing 1 warning sign in our investment analysis that you should know about...

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