Bawan Third Quarter 2024 Earnings: EPS: ر.س0.39 (vs ر.س0.62 in 3Q 2023)

Bawan (TADAWUL:1302) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س682.6m (down 18% from 3Q 2023).
• Net income: ر.س23.4m (down 37% from 3Q 2023).
• Profit margin: 3.4% (down from 4.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ر.س0.39 (down from ر.س0.62 in 3Q 2023).

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

Bawan Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Building industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 2.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Bawan you should know about.

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