Bupa Arabia for Cooperative Insurance Full Year 2024 Earnings: EPS Misses Expectations

Bupa Arabia for Cooperative Insurance (TADAWUL:8210) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س18.8b (up 14% from FY 2023).
• Net income: ر.س1.17b (up 24% from FY 2023).
• Profit margin: 6.2% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س7.79 (up from ر.س6.29 in FY 2023).

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

Bupa Arabia for Cooperative Insurance EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 1.3% decline forecast for the Insurance industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Bupa Arabia for Cooperative Insurance has 1 warning sign we think you should be aware of.

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