Western Energy Services Full Year 2023 Earnings: CA$0.21 loss per share (vs CA$1.23 profit in FY 2022)

Western Energy Services (TSE:WRG) Full Year 2023 Results

Key Financial Results

• Revenue: CA$233.5m (up 17% from FY 2022).
• Net loss: CA$7.21m (down by 125% from CA$29.0m profit in FY 2022).
• CA$0.21 loss per share (down from CA$1.23 profit in FY 2022).

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

Western Energy Services Earnings Insights

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Western Energy Services that you need to be mindful of.

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