Jahez International Company for Information Systems Technology Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Jahez International Company for Information Systems Technology (TADAWUL:6017) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س2.22b (up 24% from FY 2023).
• Net income: ر.س188.0m (up 50% from FY 2023).
• Profit margin: 8.5% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.92 (up from ر.س0.61 in FY 2023).

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

Jahez International Company for Information Systems Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 13% 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 1.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Jahez International Company for Information Systems Technology's balance sheet.

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