RH PetroGas Second Quarter 2024 Earnings: EPS: US$0.005 (vs US$0.001 loss in 2Q 2023)

RH PetroGas (SGX:T13) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$24.3m (up 19% from 2Q 2023).
• Net income: US$3.82m (up from US$641.0k loss in 2Q 2023).
• Profit margin: 16% (up from net loss in 2Q 2023).
• EPS: US$0.005 (up from US$0.001 loss in 2Q 2023).

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

RH PetroGas Earnings Insights

Looking ahead, revenue is forecast to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat.

Performance of the market in Singapore.

The company's shares are up 21% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for RH PetroGas (of which 1 is concerning!) you should know about.

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