ROK Resources Second Quarter 2024 Earnings: EPS: CA$0.001 (vs CA$0.002 loss in 2Q 2023)

ROK Resources (CVE:ROK) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$19.5m (up 37% from 2Q 2023).
• Net income: CA$81.5k (up from CA$326.5k loss in 2Q 2023).
• Profit margin: 0.4% (up from net loss in 2Q 2023).
• EPS: CA$0.001 (up from CA$0.002 loss in 2Q 2023).

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

ROK Resources Earnings Insights

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ROK Resources you should know about.

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