Merafe Resources (JSE:MRF) H1 2024 results
Key financial results
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Sales: R4.74 billion (unchanged in H1 2023).
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Net profit: R719.6 million (31% less than H1 2023).
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Profit margin: 15% (compared to 22% in H1 2023).
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Earnings per share: R0.29 (compared to R0.42 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Merafe Resources Earnings Insights
An average decline in sales of 1.8% per annum is expected for the next three years, while the South African metals and mining industry is expected to grow sales by 7.3%.
Performance of South African metals and mining industry.
The company’s shares rose 8.5% compared to the previous week.
Risk analysis
You should always think about the risks. A typical example: We have 1 warning signal for Merafe Resources You should be aware.
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