Stock Analysis

Arabia Insurance Cooperative First Quarter 2024 Earnings: EPS: ر.س0.15 (vs ر.س0.15 in 1Q 2023)

Simply Wall St

May 22, 2024

Arabia Insurance Cooperative (TADAWUL:8160) First Quarter 2024 Results

Key Financial Results

Revenue: ر.س168.3m (down 3.6% from 1Q 2023).
Net income: ر.س8.27m (up 13% from 1Q 2023).
Profit margin: 4.9% (up from 4.2% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: ر.س0.15.

earnings-and-revenue-history — SASE:8160 Earnings and Revenue History May 22nd 2024

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

Arabia Insurance Cooperative shares are down 3.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Arabia Insurance Cooperative's balance sheet health.

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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.