Alamar Foods Third Quarter 2024 Earnings: EPS: ر.س0.80 (vs ر.س0.80 in 3Q 2023)

Alamar Foods (TADAWUL:6014) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س229.0m (down 13% from 3Q 2023).
• Net income: ر.س20.3m (up 1.1% from 3Q 2023).
• Profit margin: 8.9% (up from 7.6% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.80 (up from ر.س0.80 in 3Q 2023).

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

Alamar Foods Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 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 3.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Alamar Foods you should know about.

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