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EFRMF (East Africa Metals) Net Income : $-2.27 Mil (TTM As of Dec. 2024)


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What is East Africa Metals Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. East Africa Metals's Net Income for the three months ended in Dec. 2024 was $-0.45 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $-2.27 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. East Africa Metals's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $-0.00.


East Africa Metals Net Income Historical Data

The historical data trend for East Africa Metals's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

East Africa Metals Net Income Chart

East Africa Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.18 -2.08 -2.45 -1.41 -2.30

East Africa Metals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.33 -1.05 -0.49 -0.27 -0.45

East Africa Metals Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

East Africa Metals's Net Income for the fiscal year that ended in Mar. 2024 is calculated as

Net Income(A: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.332+0+0+0.035
=-2.30

East Africa Metals's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.461+0+0+0.008
=-0.45

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.27 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


East Africa Metals  (OTCPK:EFRMF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

East Africa Metals's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


East Africa Metals Net Income Related Terms

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East Africa Metals Business Description

Traded in Other Exchanges
Address
777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4
East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.

East Africa Metals Headlines

From GuruFocus

East Africa Metals Announces a Second Extension to Related Party Loan

By GlobeNewswire GlobeNewswire 06-02-2018

East Africa Metals Extends Closing of Private Placement

By GlobeNewswire GlobeNewswire 03-28-2019

East Africa Grants Options

By GlobeNewswire GlobeNewswire 06-30-2018

East Africa Metals Closes Tibet Huayu Development Financing

By GlobeNewswire GlobeNewswire 08-23-2019

East Africa Receives Final Payment in Adyabo Transaction

By PRNewswire PRNewswire 12-02-2019

East Africa Metals Provides Corporate Update

By GlobeNewswire GlobeNewswire 05-27-2019

East Africa Grants Options

By GlobeNewswire GlobeNewswire 06-08-2019

East Africa Metals Private Placement

By GlobeNewswire GlobeNewswire 02-12-2019