Merafe Resources First Half 2024 Earnings: EPS: R0.28 (vs R0.42 in 1H 2023)

Merafe Resources (JSE:MRF) First Half 2024 Results

Key Financial Results

• Revenue: R4.74b (flat on 1H 2023).
• Net income: R720.0m (down 31% from 1H 2023).
• Profit margin: 15% (down from 22% in 1H 2023).
• EPS: R0.28 (down from R0.42 in 1H 2023).

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

Merafe Resources Earnings Insights

Looking ahead, revenue is expected to decline by 1.8% 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 7.3%.

Performance of the South African Metals and Mining industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Merafe Resources that you should be aware of before investing here.

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