National Medical Care Second Quarter 2024 Earnings: EPS: ر.س1.55 (vs ر.س1.07 in 2Q 2023)

National Medical Care (TADAWUL:4005) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س296.8m (up 21% from 2Q 2023).
• Net income: ر.س69.5m (up 45% from 2Q 2023).
• Profit margin: 23% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س1.55 (up from ر.س1.07 in 2Q 2023).

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

National Medical Care Earnings Insights

Looking ahead, revenue is forecast to grow 13% 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 2.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for National Medical Care (1 can't be ignored!) that you need to be mindful of.

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