RH PETROGAS Reports Second Quarter FY2023 Earnings Results on August 11 2023
August 21, 2023
🌥️Earnings Overview
On August 11 2023, RH PETROGAS ($SGX:T13) reported its financial results for the quarter ending June 30 2023. Compared to the same period in FY2022, total revenue decreased by 24.1%, amounting to USD 43.0 million, while net income dropped by 81.1%, totaling USD 2.3 million.
Market Price
On Friday, August 11 2023, RH PETROGAS reported their financial results for the second quarter of Fiscal Year 2023. The stock opened at SG$0.2 and closed at the same price. The company also reported that it has continued to invest in research and development as well as expand its global footprint. RH PETROGAS has established partnerships with leading energy companies across Europe, Asia, and Africa as part of its global expansion strategy.
Overall, investors reacted positively to RH PETROGAS’s second quarter financial results and outlook for the future. With its strong balance sheet and positive outlook for the future, RH PETROGAS is well positioned to continue to grow and expand into new markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rh Petrogas. More…
| Total Revenues | Net Income | Net Margin |
| 91.29 | 10.09 | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rh Petrogas. More…
| Operations | Investing | Financing |
| 25.3 | 13.64 | -10.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rh Petrogas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 89.83 | 41.08 | 0.05 |
Key Ratios Snapshot
Some of the financial key ratios for Rh Petrogas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | 60.1% | 23.5% |
| FCF Margin | ROE | ROA |
| 26.3% | 33.2% | 14.9% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of RH PETROGAS‘s financials in order to evaluate its overall risk rating. However, it’s important to note that our analysis did detect two risk warnings in the company’s income sheet and balance sheet. To gain further insight into these potential risks, you must become a registered GoodWhale user. Once you have done so, our detailed report will inform you of the necessary steps to mitigate any risks associated with investing in RH PETROGAS. More…
Peers
In the oil and gas industry, competition is fierce. RH Petrogas Ltd is up against some big names, including EF EnergyFunders Ventures Inc, Sterling Energy Resources Inc, and Niko Resources Ltd. But they’re not backing down. With a strong team and cutting-edge technology, RH Petrogas Ltd is ready to take on the competition and come out on top.
– EF EnergyFunders Ventures Inc ($TSXV:EFV)
A market cap of 8.15M means that the company is valued at 8.15 million dollars. A return on equity of -4.0% means that the company has a negative return on equity. The company is a venture capital firm that invests in energy companies.
– Sterling Energy Resources Inc ($OTCPK:SGER)
Niko Resources Ltd is a Canadian oil and gas company with a market capitalization of $376.2 million as of 2022. The company has a return on equity of 13.24%. Niko Resources Ltd is engaged in the exploration, development, and production of oil and gas properties in Canada, the United States, Indonesia, and India.
Summary
RH PETROGAS reported disappointing financial results for the 2nd quarter of FY2023, ending June 30 2023. Total revenue declined 24.1% to USD 43.0 million, while net income dropped a staggering 81.1%, to USD 2.3 million. These results indicate that the company is struggling and investors should exercise caution when considering investing in RH PETROGAS. Further research should be done to evaluate the company’s financials and determine if RH PETROGAS would be a worthwhile investment.
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