Motor Oil (Hellas) Corinth Refineries Second Quarter 2024 Earnings: EPS: €1.56 (vs €0.36 in 2Q 2023)

Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Second Quarter 2024 Results

Key Financial Results

• Revenue: €3.26b (up 24% from 2Q 2023).
• Net income: €168.3m (up 332% from 2Q 2023).
• Profit margin: 5.2% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: €1.56 (up from €0.36 in 2Q 2023).

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

Motor Oil (Hellas) Corinth Refineries Earnings Insights

Looking ahead, revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Greece.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Motor Oil (Hellas) Corinth Refineries (including 1 which can't be ignored).

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