National Agricultural Development Third Quarter 2024 Earnings: EPS: ر.س0.38 (vs ر.س0.74 in 3Q 2023)

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

Key Financial Results

• Revenue: ر.س791.1m (down 8.1% from 3Q 2023).
• Net income: ر.س113.4m (up 51% from 3Q 2023).
• Profit margin: 14% (up from 8.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.38.

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 15% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Food industry in Saudi Arabia.

Performance of the Saudi Food industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with National Agricultural Development, and understanding it should be part of your investment process.

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