RH PetroGas Full Year 2023 Earnings: Misses Expectations
RH PetroGas (SGX:T13) Full Year 2023 Results
Key Financial Results
Revenue: US$94.1m (down 10% from FY 2022).
Net income: US$2.60m (down 87% from FY 2022).
Profit margin: 2.8% (down from 19% in FY 2022). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.003 (down from US$0.024 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RH PetroGas Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 68%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 1.8% decline forecast for the Oil and Gas industry in Asia.
Performance of the market in Singapore.
The company's shares are down 7.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for RH PetroGas that you should be aware of.
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