Melhus Sparebank Reports Second Quarter 2023 Earnings

Melhus Sparebank (OB:MELG) Second Quarter 2023 Results

Key Financial Results

• Revenue: kr107.1m (up 53% from 2Q 2022).
• Net income: kr61.6m (up 368% from 2Q 2022).
• Profit margin: 57% (up from 19% in 2Q 2022). The increase in margin was primarily driven by higher revenue.

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

Melhus Sparebank Earnings Insights

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Melhus Sparebank, and understanding these should be part of your investment process.

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