Kore Potash (LSE:KP2) Retained Earnings : £-45.20 Mil (As of Jun. 2023)

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What is Kore Potash Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kore Potash's retained earnings for the quarter that ended in Jun. 2023 was £-45.20 Mil.

Kore Potash's quarterly retained earnings declined from Jun. 2022 (£-45.62 Mil) to Dec. 2022 (£-46.63 Mil) but then increased from Dec. 2022 (£-46.63 Mil) to Jun. 2023 (£-45.20 Mil).

Kore Potash's annual retained earnings increased from Dec. 2020 (£-46.68 Mil) to Dec. 2021 (£-41.68 Mil) but then declined from Dec. 2021 (£-41.68 Mil) to Dec. 2022 (£-46.63 Mil).

Kore Potash Retained Earnings Historical Data

The historical data trend for Kore Potash's Retained Earnings 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.

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Kore Potash Retained Earnings Chart

Kore Potash Annual Data

Trend

Dec14

Dec15

Dec16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-46.23

-46.68

-41.68

-46.63

-45.58

Kore Potash Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial											-41.68	-45.62	-46.63	-45.20	-45.58

Kore Potash Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Kore Potash (LSE:KP2) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Kore Potash (LSE:KP2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Potash PLC (LSE:KP2) » Definitions » Retained Earnings

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KP2:South Africa KP1:Germany KP2:Australia

Address

45 Gresham Street, London, GBR, EC2V 7BG

Website

https://www.korepotash.com

Kore Potash PLC is an exploration and development company operating in a single segment which is mineral exploration in Central Africa. The primary asset of the company is the Sintoukola Potash SA (SPSA) project in the Republic of Congo. This project comprises the Kola sylvinite and carnallite deposits, the Dougou Extension sylvinite deposit, and the Dougou carnallite deposit.

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