Nickel Industries First Half 2024 Earnings: EPS: US$0.001 (vs US$0.009 in 1H 2023)

Nickel Industries (ASX:NIC) First Half 2024 Results

Key Financial Results

• Revenue: US$843.3m (down 9.5% from 1H 2023).
• Net income: US$5.14m (down 81% from 1H 2023).
• Profit margin: 0.6% (down from 2.9% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.001 (down from US$0.009 in 1H 2023).

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

Nickel Industries Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Nickel Industries you should know about.

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