Almunajem Foods Third Quarter 2024 Earnings: EPS: ر.س0.68 (vs ر.س1.02 in 3Q 2023)

Almunajem Foods (TADAWUL:4162) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س798.7m (down 1.5% from 3Q 2023).
• Net income: ر.س40.5m (down 34% from 3Q 2023).
• Profit margin: 5.1% (down from 7.5% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: ر.س0.68 (down from ر.س1.02 in 3Q 2023).

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

Almunajem Foods Earnings Insights

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Retailing industry in Saudi Arabia.

Performance of the Saudi Consumer Retailing industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Almunajem Foods that you should be aware of.

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