Saudi Tadawul Group Holding Third Quarter 2024 Earnings: EPS: ر.س1.17 (vs ر.س0.85 in 3Q 2023)

Simply Wall St

October 22, 2024

Saudi Tadawul Group Holding (TADAWUL:1111) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.س359.1m (up 30% from 3Q 2023).
Net income: ر.س140.4m (up 37% from 3Q 2023).
Profit margin: 39% (up from 37% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: ر.س1.17 (up from ر.س0.85 in 3Q 2023).

earnings-and-revenue-growth — SASE:1111 Earnings and Revenue Growth October 22nd 2024

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

Saudi Tadawul Group Holding Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Capital Markets industry in Asia.

Performance of the market in Saudi Arabia.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Saudi Tadawul Group Holding's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.