JB Foods Full Year 2023 Earnings: EPS: US$0.006 (vs US$0.055 in FY 2022)

JB Foods (SGX:BEW) Full Year 2023 Results

Key Financial Results

• Revenue: US$595.8m (up 17% from FY 2022).

• Net income: US$1.90m (down 89% from FY 2022).

• Profit margin: 0.3% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses.

• EPS: US$0.006 (down from US$0.055 in FY 2022).

revenue-and-expenses-breakdown

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

The primary driver behind last 12 months revenue was the Singapore segment contributing a total revenue of US$940.3m (158% of total revenue). Notably, cost of sales worth US$555.5m amounted to 93% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$18.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BEW's revenue and expenses shape its earnings.

JB Foods shares are up 2.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for JB Foods (2 are a bit concerning!) that we have uncovered.

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