Metals Exploration First Half 2024 Earnings: EPS: US$0.028 (vs US$0.018 in 1H 2023)

Metals Exploration (LON:MTL) First Half 2024 Results

Key Financial Results

• Revenue: US$91.1m (up 1.7% from 1H 2023).
• Net income: US$58.5m (up 58% from 1H 2023).
• Profit margin: 64% (up from 41% in 1H 2023).
• EPS: US$0.028 (up from US$0.018 in 1H 2023).

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

Metals Exploration Earnings Insights

Looking ahead, revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 1.2%.

Performance of the British Metals and Mining industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Metals Exploration (2 are potentially serious!) that we have uncovered.

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.