Vunani Full Year 2024 Earnings: EPS: R0.09 (vs R0.33 in FY 2023)

Simply Wall St

June 23, 2024

Vunani (JSE:VUN) Full Year 2024 Results

Key Financial Results

Revenue: R684.6m (down 5.4% from FY 2023).
Net income: R14.4m (down 72% from FY 2023).
Profit margin: 2.1% (down from 7.2% in FY 2023).
EPS: R0.09 (down from R0.33 in FY 2023).

revenue-and-expenses-breakdown — JSE:VUN Revenue and Expenses Breakdown June 23rd 2024

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 Insurance segment contributing a total revenue of R236.5m (35% of total revenue). Notably, cost of sales worth R630.1m amounted to 92% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R38.4m 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 VUN's revenue and expenses shape its earnings.

Vunani shares are down 4.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Vunani (2 are concerning!) that we have uncovered.

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