Yahoo Finance Richards Packaging Income Fund Full Year 2023 Earnings: Beats Expectations
Richards Packaging Income Fund (TSE:RPI.UN) Full Year 2023 Results
Key Financial Results
Revenue: CA$425.9m (down 4.7% from FY 2022).
Net income: CA$38.9m (down 14% from FY 2022).
Profit margin: 9.1% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: CA$3.55 (down from CA$4.12 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Richards Packaging Income Fund Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.5% growth forecast for the Packaging industry in Canada.
Performance of the Canadian Packaging industry.
The company's shares are up 2.6% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Richards Packaging Income Fund's balance sheet.
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