Riyadh Cables Group Full Year 2024 Earnings: Beats Expectations

Riyadh Cables Group (TADAWUL:4142) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س9.01b (up 15% from FY 2023).
• Net income: ر.س816.9m (up 57% from FY 2023).
• Profit margin: 9.1% (up from 6.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س5.46 (up from ر.س3.46 in FY 2023).

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

Riyadh Cables Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 4.9% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Riyadh Cables Group that you should be aware of before investing here.

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