Iofina First Half 2024 Earnings: EPS: US$0.003 (vs US$0.019 in 1H 2023)

Iofina (LON:IOF) First Half 2024 Results

Key Financial Results

• Revenue: US$26.0m (up 6.9% from 1H 2023).
• Net income: US$607.0k (down 83% from 1H 2023).
• Profit margin: 2.3% (down from 15% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.003 (down from US$0.019 in 1H 2023).

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

Iofina Earnings Insights

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Chemicals industry in the United Kingdom.

Performance of the British Chemicals industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Be aware that Iofina is showing 2 warning signs in our investment analysis that you should know about...

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.