SABIC Agri-Nutrients Full Year 2024 Earnings: Beats Expectations

SABIC Agri-Nutrients (TADAWUL:2020) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س11.1b (flat on FY 2023).
• Net income: ر.س3.33b (down 9.1% from FY 2023).
• Profit margin: 30% (down from 33% in FY 2023).
• EPS: ر.س6.99 (down from ر.س7.69 in FY 2023).

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

SABIC Agri-Nutrients Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - SABIC Agri-Nutrients has 1 warning sign we think you should be aware of.

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