South32 First Half 2024 Earnings: EPS: US$0.012 (vs US$0.15 in 1H 2023)

South32 (ASX:S32) First Half 2024 Results

Key Financial Results

• Revenue: US$3.19b (down 15% from 1H 2023).
• Net income: US$53.0m (down 92% from 1H 2023).
• Profit margin: 1.7% (down from 18% in 1H 2023).
• EPS: US$0.012 (down from US$0.15 in 1H 2023).

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

South32 Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.

Performance of the Australian Metals and Mining industry.

The company's shares are down 8.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on South32's balance sheet.

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