Mitchell Services reported a loss of AU$0.001 per share for the first half of 2025, compared to a profit of AU$0.02 per share in the first half of 2024.

February 24, 2025 07:43 PM AEDT | By Team Kalkine Media

Google News:

Mitchell Services reported a loss of AU$0.001 per share for the first half of 2025, compared to a profit of AU$0.02 per share in the first half of 2024.

Recent News

Fed Daly eyes fall for possible policy shift

Fifth Third Announces Three-Year, $20M Investment in North Nashville

Inogen Alliance Associate Awards: Environment Analyst Sustainability D...

New Zealand Construction Report 2025: Output to Contract by 1% Due to...

Highlights

Revenue drops 18% compared to the first half of 2024.

Net loss recorded, contrasting with last year's profit.

Projected revenue growth expected above industry average.

Mitchell Services (ASX:MSV) recently released its financial results for the first half of 2025, highlighting significant shifts from the prior year. The company reported revenue of AU$99.5 million, marking an 18% decline from the first half of 2024. This downturn was mirrored in their net earnings, as Mitchell Services posted a net loss of AU$319.2 thousand compared to a profit of AU$4.25 million in the previous period.

Earnings per share also took a hit, sliding to a loss of AU$0.001 from a profit of AU$0.02 per share in the first half of last year. Despite this, forward-looking projections suggest an average annual revenue growth of 6.5% over the next three years, surpassing the anticipated 4.5% growth rate for the broader Australian Metals and Mining industry.

Furthermore, shares in the company have decreased by 7.2% over the past week, reflecting the market's reaction to these financial results. Given these fluctuations, it's important to note that Mitchell Services exhibits certain risk factors that warrant consideration.

Investment Considerations

For those closely monitoring Mitchell Services, being aware of risk indicators is crucial. Recent analyses suggest three warning signs that might impact investment perspectives. Such insights can be vital for informed decision-making.

Innovative Portfolio Management Solutions

For enthusiasts wanting to manage stocks more efficiently, a new platform offers a comprehensive portfolio management service. This tool allows the connection of unlimited portfolios with alerts for any emerging risks or shifts in your stocks' fair value, all in one place and at no cost.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.