Harmony Gold Mining (JSE:HAR) First Half 2024 Results
Key Financial Results
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Revenue: R31.4b (up 35% from 1H 2023).
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Net income: R5.92b (up 222% from 1H 2023).
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Profit margin: 19% (up from 7.9% in 1H 2023). The increase in margin was driven by higher revenue.
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EPS: R9.56 (up from R2.98 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harmony Gold Mining Earnings Insights
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Metals and Mining industry in South Africa.
Performance of the South African Metals and Mining industry.
The company’s shares are up 3.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Harmony Gold Mining’s balance sheet and an in-depth analysis of the company’s financial position.
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