First Resources (SGX:EB5) H1 2024 results

Key financial results

• Revenue: $457.2 million (up 1.9% from H1 2023).

• Net income: $103.9 million (up 45% from H1 2023).

• Profit margin: 23% (compared to 16% in H1 2023). The increase in margin was mainly due to lower expenses.

• Earnings per share: $0.067 (compared to $0.046 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Insights into First Resources’ results

An average sales growth of 1.6% per annum is expected for the next three years. In contrast, growth of 3.1% is forecast for the food industry in Singapore.

Performance of Singapore food industry.

The company’s shares rose 2.2% compared to the previous week.

Risk analysis

Don’t forget that there can still be risks. For example, we have found 2 warning signs for First Resources (1 is a bit uncomfortable) you should know.

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