Mermaid Maritime (SGX:DU4) Third Quarter 2022 Results

Key Financial Results

• Revenue: ฿2.41b (up 178% from 3Q 2021).

• Net income: ฿106.2m (up from ฿137.7m loss in 3Q 2021).

• Profit margin: 4.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.

• EPS: ฿0.075 (up from ฿0.097 loss in 3Q 2021).

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

Mermaid Maritime shares are up 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Mermaid Maritime (of which 1 makes us a bit uncomfortable!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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