China Gold International Resources Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

China Gold International Resources (TSE:CGG) Full Year 2024 Results

Key Financial Results

• Revenue: US$756.6m (up 65% from FY 2023).
• Net income: US$62.7m (up from US$25.5m loss in FY 2023).
• Profit margin: 8.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.16 (up from US$0.064 loss in FY 2023).

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

China Gold International Resources Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of China Gold International Resources' balance sheet and an in-depth analysis of the company's financial position.

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