Orogen Royalties Second Quarter 2024 Earnings: EPS: CA$0.003 (vs CA$0.001 in 2Q 2023)

Orogen Royalties (CVE:OGN) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$2.09m (up 77% from 2Q 2023).
• Net income: CA$511.3k (up 288% from 2Q 2023).
• Profit margin: 24% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CA$0.003 (up from CA$0.001 in 2Q 2023).

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

Orogen Royalties Earnings Insights

Looking ahead, revenue is expected to decline by 4.7% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%.

Performance of the Canadian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Orogen Royalties you should be aware of.

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