Varengold Bank reports profits for the full year 2022

Varengold Bank (ETR:VG8) Full Year 2022 Results

Key financial results

• Revenue: €85.0 million (73% increase compared to fiscal year 2021).
• Net profit: EUR 9.06 million (down 47% compared to 2021).
• Profit margin: 11% (down from 35% in 2021). The decline in margin resulted from higher costs.

All data shown in the chart above is for a 12-month (TTM) period.

Varengold Bank shares are down 2.7% from a week ago.

Risk assessment

Before we end, we discovered 4 warning signs for Varengold Bank what you should know.

Have an opinion on this article? Worried about content? contact with us directly. Alternatively, email the editorial team (at) simplywallst.com.

This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.

Have an opinion on this article? Worried about content? Contact us directly. You can also send an email to [email protected]