Renergen (JSE:REN) Full Year 2024 Results

Key Financial Results

• Net loss: R110.3m (loss widened by 313% from FY 2023).

• R0.75 loss per share (further deteriorated from R0.20 loss in FY 2023).

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

Renergen Earnings Insights

Looking ahead, revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Africa.

Performance of the market in South Africa.

The company's shares are down 8.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Renergen (1 makes us a bit uncomfortable!) that you need to take into consideration.

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