Union Jack Oil First Half 2024 Earnings: EPS: UK£0.007 (vs UK£0.005 in 1H 2023)

Union Jack Oil (LON:UJO) First Half 2024 Results

Key Financial Results

• Revenue: UK£2.34m (down 35% from 1H 2023).
• Net income: UK£789.0k (up 38% from 1H 2023).
• Profit margin: 34% (up from 16% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: UK£0.007 (up from UK£0.005 in 1H 2023).

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

Union Jack Oil Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's shares are down 6.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Union Jack Oil (1 is a bit unpleasant!) that you need to be mindful of.

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