Yahoo Finance Ventia Services Group First Half 2023 Earnings: Beats Expectations
Ventia Services Group (ASX:VNT) First Half 2023 Results
Key Financial Results
Revenue: AU$2.79b (up 11% from 1H 2022).
Net income: AU$88.3m (down 16% from 1H 2022).
Profit margin: 3.2% (down from 4.2% in 1H 2022). The decrease in margin was driven by higher expenses.
EPS: AU$0.10 (down from AU$0.12 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ventia Services Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Construction industry in Australia.
Performance of the Australian Construction industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Ventia Services Group is showing 2 warning signs in our investment analysis that you should know about...
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