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

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).

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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