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Richards Packaging Income Fund (TSE:RPI.UN) full year 2023 performance
Main financial results
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Revenue: C$425.9 million (-4.7% vs. 2022).
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Net income: CAD 38.9 million (down 14% from FY2022).
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Profit margin: 9.1% (down from 10% in FY2022). The decrease in margin was due to a decrease in revenue.
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EPS: CAD 3.55 (down from CAD 4.12 in 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Richards Packaging Income Fund’s returns and profits exceeded expectations
Sales exceeded analysts’ expectations by 2.1%. Earnings per share (EPS) also exceeded analyst expectations by 5.4%.
Looking ahead, revenues are expected to remain flat over the next two years, while growth forecast for the Canadian packaging industry is 3.5%.
performance of Canada’s packaging industry.
The company’s stock rose 2.6% from the previous week.
balance sheet analysis
Just as investors need to consider its earnings, it’s also important to consider the strength of a company’s balance sheet. As a result of some analysis, we found that See our view on Richards Packaging Income Fund’s balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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