Middle East Healthcare Third Quarter 2024 Earnings: EPS: ر.س0.67 (vs ر.س0.58 in 3Q 2023)

Simply Wall St

November 06, 2024

Middle East Healthcare (TADAWUL:4009) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.س732.1m (up 9.1% from 3Q 2023).
Net income: ر.س61.7m (up 16% from 3Q 2023).
Profit margin: 8.4% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: ر.س0.67 (up from ر.س0.58 in 3Q 2023).

earnings-and-revenue-growth — SASE:4009 Earnings and Revenue Growth November 6th 2024

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

Middle East Healthcare Earnings Insights

Looking ahead, revenue is forecast to grow 10% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Middle East Healthcare that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.