China Gold International Resources Full Year 2022 Earnings: Misses Expectations
China Gold International Resources (TSE:CGG) Full Year 2022 Results
Key Financial Results
Revenue: US$1.10b (down 2.8% from FY 2021).
Net income: US$222.7m (down 17% from FY 2021).
Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.56 (down from US$0.67 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Gold International Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - China Gold International Resources has 1 warning sign we think 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.
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