Fresnillo (LON:FRES) First Half 2024 Results

Key Financial Results

• Revenue: US$1.49b (up 11% from 1H 2023).

• Net income: US$78.6m (up 22% from 1H 2023).

• Profit margin: 5.3% (up from 4.8% in 1H 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.11 (up from US$0.088 in 1H 2023).

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

Fresnillo EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are down 3.1% 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. See our latest analysis on Fresnillo's balance sheet health.

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