Kingdom Holding Second Quarter 2024 Earnings: EPS: ر.س0.17 (vs ر.س0.079 in 2Q 2023)

Kingdom Holding (TADAWUL:4280) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س647.5m (down 6.7% from 2Q 2023).
• Net income: ر.س624.2m (up 112% from 2Q 2023).
• Profit margin: 96% (up from 42% in 2Q 2023).
• EPS: ر.س0.17 (up from ر.س0.079 in 2Q 2023).

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

Kingdom Holding Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Diversified Financial industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 6.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Kingdom Holding (2 don't sit too well with us!) that you need to be mindful of.

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