Al Hassan Ghazi Ibrahim Shaker Second Quarter 2024 Earnings: EPS: ر.س0.30 (vs ر.س0.29 in 2Q 2023)

Al Hassan Ghazi Ibrahim Shaker (TADAWUL:1214) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س345.1m (up 12% from 2Q 2023).
• Net income: ر.س16.4m (up 3.7% from 2Q 2023).
• Profit margin: 4.8% (down from 5.2% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.30 (up from ر.س0.29 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Al Hassan Ghazi Ibrahim Shaker Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Trade Distributors industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Al Hassan Ghazi Ibrahim Shaker that you should be aware of.

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