Australis Oil & Gas First Half 2023 Earnings: US$0.011 loss per share (vs US$0.001 profit in 1H 2022)
Australis Oil & Gas (ASX:ATS) First Half 2023 Results
Key Financial Results
Revenue: US$10.7m (down 25% from 1H 2022).
Net loss: US$13.8m (down from US$1.12m profit in 1H 2022).
US$0.011 loss per share (down from US$0.001 profit in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Australis Oil & Gas Earnings Insights
Looking ahead, revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Oil and Gas industry in Australia.
Performance of the Australian Oil and Gas industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Australis Oil & Gas that you should be aware 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.
