New World Resources Full Year 2023 Earnings: AU$0.001 loss per share (vs AU$0.009 loss in FY 2022)
New World Resources (ASX:NWC) Full Year 2023 Results
Key Financial Results
Net loss: AU$2.50m (loss narrowed by 83% from FY 2022).
AU$0.001 loss per share (improved from AU$0.009 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New World Resources Earnings Insights
Looking ahead, revenue is expected to decline by 120% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 2.5%.
Performance of the Australian Metals and Mining industry.
The company's shares are down 6.3% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 6 warning signs for New World Resources (3 are a bit concerning!) that you need to be mindful of.
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