Kenmare Resources First Half 2024 Earnings: EPS: US$0.23 (vs US$0.71 in 1H 2023)

Kenmare Resources (LON:KMR) First Half 2024 Results

Key Financial Results

• Revenue: US$165.1m (down 32% from 1H 2023).
• Net income: US$20.9m (down 69% from 1H 2023).
• Profit margin: 13% (down from 28% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.23 (down from US$0.71 in 1H 2023).

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

Kenmare Resources Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

Be aware that Kenmare Resources is showing 3 warning signs in our investment analysis and 1 of those is a bit concerning...

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