Stock Analysis
- Saudi Arabia
- /
- Insurance
- /
- SASE:8010
Company for Cooperative Insurance First Quarter 2024 Earnings: EPS: ر.س1.31 (vs ر.س0.50 in 1Q 2023)
Company for Cooperative Insurance (TADAWUL:8010) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س4.04b (up 36% from 1Q 2023).
- Net income: ر.س196.7m (up 164% from 1Q 2023).
- Profit margin: 4.9% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س1.31 (up from ر.س0.50 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Company for Cooperative Insurance Earnings Insights
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Saudi Arabia.
Performance of the Saudi Insurance industry.
The company's shares are down 2.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Company for Cooperative Insurance's balance sheet.
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Find out whether Company for Cooperative Insurance is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SASE:8010
Company for Cooperative Insurance
Provides various insurance and reinsurance solutions for individuals and companies in the Kingdom of Saudi Arabia.
Excellent balance sheet with proven track record.