Abdulmohsen Al-Hokair Group for Tourism and Development First Quarter 2024 Earnings: EPS: ر.س0.01 (vs ر.س0.11 loss in 1Q 2023)

Abdulmohsen Al-Hokair Group for Tourism and Development (TADAWUL:1820) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س158.1m (down 3.5% from 1Q 2023).
• Net income: ر.س4.22m (up from ر.س34.3m loss in 1Q 2023).
• Profit margin: 2.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses.
• EPS: ر.س0.01 (up from ر.س0.11 loss in 1Q 2023).

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

Abdulmohsen Al-Hokair Group for Tourism and Development Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Saudi Arabia.

Performance of the Saudi Hospitality industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Be aware that Abdulmohsen Al-Hokair Group for Tourism and Development is showing 1 warning sign in our investment analysis that you should know about...

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