Merafe Resources Full Year 2023 Earnings: EPS: R0.70 (vs R0.56 in FY 2022)

Merafe Resources (JSE:MRF) Full Year 2023 Results

Key Financial Results

• Revenue: R9.24b (up 16% from FY 2022).
• Net income: R1.75b (up 24% from FY 2022).
• Profit margin: 19% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: R0.70 (up from R0.56 in FY 2022).

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 4.6% 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 3.5%.

Performance of the South African Metals and Mining industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Merafe Resources that you need to be mindful of.

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