West African Resources (ASX:WAF) Full Year 2023 Results

Key Financial Results

• Revenue: AU$661.2m (up 8.7% from FY 2022).

• Net income: AU$146.9m (down 11% from FY 2022).

• Profit margin: 22% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses.

• EPS: AU$0.14 (down from AU$0.16 in FY 2022).

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

West African Resources Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for West African Resources that you need to be mindful 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.