Middle East Specialized Cables Third Quarter 2022 Earnings: EPS: ر.س0.01 (vs ر.س0.23 loss in 3Q 2021)

Middle East Specialized Cables (TADAWUL:2370) Third Quarter 2022 Results

Key Financial Results

• Revenue: ر.س200.6m (up 48% from 3Q 2021).
• Net income: ر.س253.1k (up from ر.س9.06m loss in 3Q 2021).
• Profit margin: 0.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.
• EPS: ر.س0.01 (up from ر.س0.23 loss in 3Q 2021).

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

Middle East Specialized Cables shares are up 4.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Middle East Specialized Cables that you should be aware of.

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