Kumba Iron Ore First Half 2024 Earnings: EPS: R22.27 (vs R30.04 in 1H 2023)

Kumba Iron Ore (JSE:KIO) First Half 2024 Results

Key Financial Results

• Revenue: R35.8b (down 6.5% from 1H 2023).
• Net income: R7.15b (down 26% from 1H 2023).
• Profit margin: 20% (down from 25% in 1H 2023).
• EPS: R22.27 (down from R30.04 in 1H 2023).

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

Kumba Iron Ore Earnings Insights

Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South Africa are expected to grow by 7.0%.

Performance of the South African Metals and Mining industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Kumba Iron Ore (1 makes us a bit uncomfortable) you should be aware of.

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