Nu-World Holdings Full Year 2023 Earnings: EPS: R3.30 (vs R3.94 in FY 2022)

Nu-World Holdings (JSE:NWL) Full Year 2023 Results

Key Financial Results

• Revenue: R1.90b (down 12% from FY 2022).
• Net income: R70.6m (down 17% from FY 2022).
• Profit margin: 3.7% (down from 3.9% in FY 2022).
• EPS: R3.30 (down from R3.94 in FY 2022).

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

The primary driver behind last 12 months revenue was the South Africa segment contributing a total revenue of R1.26b (66% of total revenue). Notably, cost of sales worth R1.57b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to R191.2m (56% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of R79.1m. Explore how NWL's revenue and expenses shape its earnings.

Nu-World Holdings shares are up 3.6% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Nu-World Holdings (including 1 which is significant).

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