Saudi Steel Pipes First Quarter 2024 Earnings: EPS: ر.س1.11 (vs ر.س0.13 in 1Q 2023)

Simply Wall St

May 08, 2024

Saudi Steel Pipes (TADAWUL:1320) First Quarter 2024 Results

Key Financial Results

Revenue: ر.س514.9m (up 209% from 1Q 2023).
Net income: ر.س76.3m (up by ر.س69.9m from 1Q 2023).
Profit margin: 15% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: ر.س1.11 (up from ر.س0.13 in 1Q 2023).

earnings-and-revenue-history — SASE:1320 Earnings and Revenue History May 8th 2024

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

Saudi Steel Pipes Earnings Insights

Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Saudi Arabia are expected to grow by 6.8%.

Performance of the Saudi Metals and Mining industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Saudi Steel Pipes that you need to take into consideration.

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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.