Virgin Money UK Full Year 2023 Earnings: EPS: UK£0.14 (vs UK£0.32 in FY 2022)

Virgin Money UK (LON:VMUK) Full Year 2023 Results

Key Financial Results

• Revenue: UK£1.52b (down 8.8% from FY 2022).
• Net income: UK£192.0m (down 59% from FY 2022).
• Profit margin: 13% (down from 28% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: UK£0.14 (down from UK£0.32 in FY 2022).

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

Virgin Money UK Earnings Insights

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat.

Performance of the British Banks industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Virgin Money UK, and understanding them should be part of your investment process.

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