Saudi Basic Industries Second Quarter 2024 Earnings: EPS: ر.س0.75 (vs ر.س0.48 in 2Q 2023)

Saudi Basic Industries (TADAWUL:2010) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س35.7b (up 4.8% from 2Q 2023).
• Net income: ر.س2.23b (up 54% from 2Q 2023).
• Profit margin: 6.2% (up from 4.3% in 2Q 2023).
• EPS: ر.س0.75 (up from ر.س0.48 in 2Q 2023).

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

Saudi Basic Industries Earnings Insights

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Saudi Basic Industries you should be aware of, and 1 of them can't be ignored.

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