National Agricultural Development Second Quarter 2024 Earnings: EPS: ر.س0.37 (vs ر.س0.64 in 2Q 2023)

National Agricultural Development (TADAWUL:6010) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س790.1m (flat on 2Q 2023).
• Net income: ر.س111.9m (up 72% from 2Q 2023).
• Profit margin: 14% (up from 8.3% in 2Q 2023).
• EPS: ر.س0.37.

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

National Agricultural Development Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Saudi Arabia.

Performance of the Saudi Food industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for National Agricultural Development that you should be aware of.

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