Melcor Developments Full Year 2023 Earnings: EPS: CA$2.04 (vs CA$2.75 in FY 2022)

Melcor Developments (TSE:MRD) Full Year 2023 Results

Key Financial Results

• Revenue: CA$315.2m (up 30% from FY 2022).
• Net income: CA$63.0m (down 30% from FY 2022).
• Profit margin: 20% (down from 37% in FY 2022).
• EPS: CA$2.04 (down from CA$2.75 in FY 2022).

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

Melcor Developments Earnings Insights

Looking ahead, revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Canada are expected to grow by 2.3%.

Performance of the Canadian Real Estate industry.

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

Risk Analysis

We should say that we've discovered 4 warning signs for Melcor Developments (1 doesn't sit too well with us!) that you should be aware of before investing here.

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