Methanol Chemicals Second Quarter 2024 Earnings: ر.س0.42 loss per share (vs ر.س0.15 loss in 2Q 2023)

Methanol Chemicals (TADAWUL:2001) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س169.0m (down 11% from 2Q 2023).
• Net loss: ر.س28.3m (loss widened by 178% from 2Q 2023).
• ر.س0.42 loss per share (further deteriorated from ر.س0.15 loss in 2Q 2023).

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

Methanol Chemicals Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's shares are up 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Methanol Chemicals' balance sheet and an in-depth analysis of the company's financial position.

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