Abdulmohsen Al-Hokair Group for Tourism and Development Full Year 2023 Earnings: Misses Expectations

Abdulmohsen Al-Hokair Group for Tourism and Development (TADAWUL:1820) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س741.9m (up 2.9% from FY 2022).
• Net loss: ر.س89.6m (loss widened by 9.9% from FY 2022).
• ر.س0.28 loss per share (further deteriorated from ر.س0.26 loss in FY 2022).

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

Abdulmohsen Al-Hokair Group for Tourism and Development Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia.

Performance of the Saudi Hospitality industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Abdulmohsen Al-Hokair Group for Tourism and Development (1 makes us a bit uncomfortable!) that you should be aware of.

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