St Barbara (ASX:SBM) First Half 2024 Results

Key Financial Results

• Revenue: AU$110.8m (down 66% from 1H 2023).

• Net loss: AU$42.7m (loss narrowed by 90% from 1H 2023).

• AU$0.052 loss per share (improved from AU$0.50 loss in 1H 2023).

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

St Barbara Earnings Insights

Looking ahead, revenue is forecast to decline by 26% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.

Performance of the Australian Metals and Mining industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with St Barbara (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

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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.