In This Article:
M&G (LON:MNG) Full Year 2024 Results
Key Financial Results
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Revenue: UK£5.46b (down 13% from FY 2023).
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Net loss: UK£360.0m (down by 221% from UK£297.0m profit in FY 2023).
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UK£0.15 loss per share (down from UK£0.13 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
M&G Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Life (Inclu. Wealth) segment contributing a total revenue of UK£7.55b (138% of total revenue). Notably, cost of sales worth UK£2.96b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£1.88b (66% of total expenses). Explore how MNG's revenue and expenses shape its earnings.
The company's shares are down 1.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for M&G you should know about.
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