Synthomer First Half 2024 Earnings: UK£0.18 loss per share (vs UK£2.08 loss in 1H 2023)

Synthomer (LON:SYNT) First Half 2024 Results

Key Financial Results

• Revenue: UK£1.05b (flat on 1H 2023).
• Net loss: UK£29.3m (loss narrowed by 40% from 1H 2023).
• UK£0.18 loss per share (improved from UK£2.08 loss in 1H 2023).

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

Synthomer Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.8% decline forecast for the Chemicals industry in the United Kingdom.

Performance of the British Chemicals industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Synthomer (2 are concerning!) that we have uncovered.

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