Stock Analysis
- Saudi Arabia
- /
- Hospitality
- /
- SASE:6002
Herfy Food Services First Quarter 2024 Earnings: EPS: ر.س0.01 (vs ر.س0.20 loss in 1Q 2023)
Herfy Food Services (TADAWUL:6002) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س289.0m (up 5.1% from 1Q 2023).
- Net income: ر.س448.0k (up from ر.س12.8m loss in 1Q 2023).
- Profit margin: 0.2% (up from net loss in 1Q 2023).
- EPS: ر.س0.01 (up from ر.س0.20 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Herfy Food Services Earnings Insights
Looking ahead, revenue is forecast to grow 5.9% 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 up 1.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Herfy Food Services you should be aware of, and 1 of them is concerning.
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About SASE:6002
Herfy Food Services
Herfy Food Services Company establishes, operates, and franchises restaurants in the Kingdom of Saudi Arabia and internationally.
Reasonable growth potential with adequate balance sheet.