Golden Agri-Resources Full Year 2023 Earnings: Misses Expectations

Golden Agri-Resources (SGX:E5H) Full Year 2023 Results

Key Financial Results

• Revenue: US$9.76b (down 15% from FY 2022).
• Net income: US$197.6m (down 75% from FY 2022).
• Profit margin: 2.0% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.016 (down from US$0.062 in FY 2022).

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

Golden Agri-Resources Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 65%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Golden Agri-Resources that you should be aware of.

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