Nahdi Medical Third Quarter 2024 Earnings: EPS: ر.س1.40 (vs ر.س1.64 in 3Q 2023)

Nahdi Medical (TADAWUL:4164) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س2.35b (up 8.8% from 3Q 2023).
• Net income: ر.س182.2m (down 14% from 3Q 2023).
• Profit margin: 7.7% (down from 9.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س1.40 (down from ر.س1.64 in 3Q 2023).

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

Nahdi Medical Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Retailing industry in Saudi Arabia.

Performance of the Saudi Consumer Retailing industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Nahdi Medical has 1 warning sign we think you should be aware of.

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