Abdullah Al-Othaim Markets Full Year 2023 Earnings: Revenues Disappoint

Abdullah Al-Othaim Markets (TADAWUL:4001) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س10.2b (up 6.9% from FY 2022).
• Net income: ر.س490.8m (down 55% from FY 2022).
• Profit margin: 4.8% (down from 11% in FY 2022).
• EPS: ر.س0.55 (down from ر.س1.20 in FY 2022).

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

Abdullah Al-Othaim Markets Revenues Disappoint

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Retailing industry in Saudi Arabia.

Performance of the Saudi Consumer Retailing industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Abdullah Al-Othaim Markets (of which 1 shouldn't be ignored!) you should know about.

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