Savannah Energy First Half 2023 Earnings: US$0.031 loss per share (vs US$0.018 loss in 1H 2022)

Savannah Energy (LON:SAVE) First Half 2023 Results

Key Financial Results

• Revenue: US$123.7m (up 44% from 1H 2022).
• Net loss: US$37.5m (loss widened by 85% from 1H 2022).
• US$0.031 loss per share (further deteriorated from US$0.018 loss in 1H 2022).

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

Savannah Energy Earnings Insights

Looking ahead, revenue is forecast to grow 72% p.a. on average during the next 2 years, compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

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

Risk Analysis

We should say that we've discovered 2 warning signs for Savannah Energy that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.