South Port New Zealand Full Year 2024 Earnings: EPS: NZ$0.28 (vs NZ$0.45 in FY 2023)

South Port New Zealand (NZSE:SPN) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$56.1m (up 4.7% from FY 2023).
• Net income: NZ$7.38m (down 37% from FY 2023).
• Profit margin: 13% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: NZ$0.28 (down from NZ$0.45 in FY 2023).

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

In the last 12 months, the only revenue segment was Port Industry contributing NZ$56.1m. Notably, cost of sales worth NZ$33.2m amounted to 59% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling NZ$8.95m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SPN's revenue and expenses shape its earnings.

South Port New Zealand's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for South Port New Zealand (1 doesn't sit too well with us!) that you should be aware of.

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