Kenmare Resources Full Year 2023 Earnings: In Line With Expectations

Kenmare Resources (LON:KMR) Full Year 2023 Results

Key Financial Results

• Revenue: US$458.5m (down 13% from FY 2022).
• Net income: US$131.0m (down 36% from FY 2022).
• Profit margin: 29% (down from 39% in FY 2022). The decrease in margin was primarily driven by lower revenue.
• EPS: US$1.41 (down from US$2.17 in FY 2022).

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

Kenmare Resources Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is expected to decline by 2.1% 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 up 8.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Kenmare Resources (1 doesn't sit too well with us!) that we have uncovered.

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