Nahdi Medical Full Year 2023 Earnings: In Line With Expectations

Nahdi Medical (TADAWUL:4164) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س8.71b (up 1.1% from FY 2022).
• Net income: ر.س892.6m (flat on FY 2022).
• Profit margin: 10% (in line with FY 2022).
• EPS: ر.س6.87 (up from ر.س6.83 in FY 2022).

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

Nahdi Medical Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Retailing industry in Saudi Arabia.

Performance of the Saudi Consumer Retailing industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Nahdi Medical that you should be aware of before investing here.

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