Gulf Union Alahlia Cooperative Insurance Third Quarter 2024 Earnings: EPS: ر.س0.25 (vs ر.س0.66 in 3Q 2023)

Gulf Union Alahlia Cooperative Insurance (TADAWUL:8120) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س211.9m (up 41% from 3Q 2023).
• Net income: ر.س11.5m (down 62% from 3Q 2023).
• Profit margin: 5.4% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.25 (down from ر.س0.66 in 3Q 2023).

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

Gulf Union Alahlia Cooperative Insurance shares are down 2.8% 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 Gulf Union Alahlia Cooperative Insurance that you need to be mindful of.

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