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Anglo Asian Mining Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Anglo Asian Mining (LON:AAZ) Full Year 2022 Results

Key Financial Results

  • Revenue: US$84.7m (down 8.4% from FY 2021).

  • Net income: US$3.66m (down 50% from FY 2021).

  • Profit margin: 4.3% (down from 8.0% in FY 2021). The decrease in margin was driven by lower revenue.

  • EPS: US$0.032 (down from US$0.064 in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Anglo Asian Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat.

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Performance of the British Metals and Mining industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Anglo Asian Mining (of which 1 is potentially serious!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

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