Company for Cooperative Insurance Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Company for Cooperative Insurance (TADAWUL:8010) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س16.7b (up 20% from FY 2023).
• Net income: ر.س1.02b (up 66% from FY 2023).
• Profit margin: 6.1% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س6.82 (up from ر.س4.11 in FY 2023).

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

Company for Cooperative Insurance EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, while revenues in the Insurance industry in Asia are expected to remain flat.

Performance of the market in Saudi Arabia.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Company for Cooperative Insurance's balance sheet health.

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