- Saudi Arabia
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- Food
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- SASE:6010
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.
Valuation is complex, but we're here to simplify it.
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About SASE:6010
National Agricultural Development
Engages in production of agricultural and livestock products in the Kingdom of Saudi Arabia and internationally.
Flawless balance sheet and undervalued.