Varengold Bank Reports Full Year 2022 Earnings

Varengold Bank (ETR:VG8) Full Year 2022 Results

Key Financial Results

• Revenue: €85.0m (up 73% from FY 2021).
• Net income: €9.06m (down 47% from FY 2021).
• Profit margin: 11% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses.

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

Varengold Bank shares are down 2.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Varengold Bank that you should be aware of.

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