Sarine Technologies First Half 2023 Earnings: EPS: US$0.003 (vs US$0.019 in 1H 2022)

Sarine Technologies (SGX:U77) First Half 2023 Results

Key Financial Results

• Revenue: US$23.7m (down 24% from 1H 2022).
• Net income: US$953.0k (down 85% from 1H 2022).
• Profit margin: 4.0% (down from 21% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.003 (down from US$0.019 in 1H 2022).

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

Sarine Technologies Earnings Insights

Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Machinery industry in Singapore are expected to grow by 15%.

Performance of the Singaporean Machinery industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Sarine Technologies (1 is significant) you should be aware of.

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