Channel Infrastructure NZ First Half 2024 Earnings: EPS: NZ$0.034 (vs NZ$0.038 in 1H 2023)

Channel Infrastructure NZ (NZSE:CHI) First Half 2024 Results

Key Financial Results

• Revenue: NZ$69.8m (up 8.4% from 1H 2023).
• Net income: NZ$12.8m (down 12% from 1H 2023).
• Profit margin: 18% (down from 23% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: NZ$0.034 (down from NZ$0.038 in 1H 2023).

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

Channel Infrastructure NZ Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Oil and Gas industry in Oceania.

Performance of the market in New Zealand.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Channel Infrastructure NZ that you should be aware of.

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