Al-Babtain Power and Telecommunications Second Quarter 2024 Earnings: EPS: ر.س0.85 (vs ر.س0.64 in 2Q 2023)

Simply Wall St

August 18, 2024

Al-Babtain Power and Telecommunications (TADAWUL:2320) Second Quarter 2024 Results

Key Financial Results

Revenue: ر.س650.1m (up 22% from 2Q 2023).
Net income: ر.س54.3m (up 34% from 2Q 2023).
Profit margin: 8.4% (up from 7.6% in 2Q 2023).
EPS: ر.س0.85 (up from ر.س0.64 in 2Q 2023).

earnings-and-revenue-growth — SASE:2320 Earnings and Revenue Growth August 18th 2024

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

Al-Babtain Power and Telecommunications Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Construction industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 17% from a week ago.

Risk Analysis

Be aware that Al-Babtain Power and Telecommunications is showing 4 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.