Bowler Metcalf First Half 2023 Earnings: EPS: R0.48 (vs R0.59 in 1H 2022)

Bowler Metcalf (JSE:BCF) First Half 2023 Results

Key Financial Results

• Revenue: R358.3m (up 13% from 1H 2022).
• Net income: R33.9m (down 20% from 1H 2022).
• Profit margin: 9.5% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses.
• EPS: R0.48 (down from R0.59 in 1H 2022).

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

Bowler Metcalf Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Africa are expected to remain flat.

Performance of the market in South Africa.

The company's shares are down 3.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Bowler Metcalf that you need to take into consideration.

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