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SRT Marine Systems First Half 2023 Earnings: EPS: UK£0.012 (vs UK£0.019 loss in 1H 2022)

SRT Marine Systems (LON:SRT) First Half 2023 Results

Key Financial Results

  • Revenue: UK£18.8m (up 301% from 1H 2022).

  • Net income: UK£2.12m (up from UK£3.13m loss in 1H 2022).

  • Profit margin: 11% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue.

  • EPS: UK£0.012 (up from UK£0.019 loss in 1H 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

SRT Marine Systems shares are up 19% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for SRT Marine Systems (of which 1 shouldn't be ignored!) you should know about.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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