Nickel Industries (ASX:NIC) First Half 2024 Results

Key Financial Results

• Revenue: US$843.3m (down 9.5% from 1H 2023).

• Net income: US$5.14m (down 81% from 1H 2023).

• Profit margin: 0.6% (down from 2.9% in 1H 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.001 (down from US$0.009 in 1H 2023).

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

Nickel Industries Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Nickel Industries has 2 warning signs we think you should be aware of.

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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.