United Cooperative Assurance Full Year 2023 Earnings: EPS: ر.س0.13 (vs ر.س1.07 loss in FY 2022)

United Cooperative Assurance (TADAWUL:8190) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.08b (up 220% from FY 2022).
• Net income: ر.س5.29m (up from ر.س42.9m loss in FY 2022).
• Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: ر.س0.13 (up from ر.س1.07 loss in FY 2022).

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

United Cooperative Assurance's share price is broadly unchanged 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 United Cooperative Assurance's balance sheet.

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