Mouwasat Medical Services Full Year 2024 Earnings: Misses Expectations

Mouwasat Medical Services (TADAWUL:4002) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س2.88b (up 6.4% from FY 2023).
• Net income: ر.س645.8m (down 1.8% from FY 2023).
• Profit margin: 22% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س3.23 (down from ر.س3.29 in FY 2023).

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

Mouwasat Medical Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare industry in Saudi Arabia.

Performance of the Saudi Healthcare industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Mouwasat Medical Services' balance sheet and an in-depth analysis of the company's financial position.

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