Engen Botswana full year 2023 report

How Engen Botswana performed last week

Author

Boago Sephutho
October 01, 2024

Hello, this is how Engen performed in the year 2023:

Full year 2023 earnings released: EPS: P0.71 (vs P1.67 in FY 2022)

Full year 2023 results:EPS: P0.71 (down from P1.67 in FY 2022).Revenue: P3.45b (down 16% from FY 2022).Net income: P113.4m (down 57% from FY 2022).Profit margin: 3.3% (down from 6.5% in FY 2022). The decrease in margin was driven by lower revenue.

Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.

I was monitoring Engen Botswana since early this year, it impressed me with its zero debt and operating in pure profit and they don’t need to debt for any project although we can see the share price is ahead its earnings.