Grounds Real Estate Development First Half 2023 Earnings: €0.05 loss per share (vs €0.08 profit in 1H 2022)
Grounds Real Estate Development (ETR:AMMN) First Half 2023 Results
Key Financial Results
Revenue: €16.2m (down 24% from 1H 2022).
Net loss: €840.0k (down by 158% from €1.44m profit in 1H 2022).
€0.05 loss per share (down from €0.08 profit in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grounds Real Estate Development Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany.
Performance of the German Real Estate industry.
The company's shares are down 4.0% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Grounds Real Estate Development (2 are significant!) that you should be aware of before investing here.
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