- Saudi Arabia
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- Chemicals
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- SASE:2060
National Industrialization Second Quarter 2024 Earnings: EPS: ر.س0.08 (vs ر.س0.047 in 2Q 2023)
National Industrialization (TADAWUL:2060) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س1.01b (up 13% from 2Q 2023).
- Net income: ر.س52.8m (up 68% from 2Q 2023).
- Profit margin: 5.2% (up from 3.5% in 2Q 2023).
- EPS: ر.س0.08 (up from ر.س0.047 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
National Industrialization Earnings Insights
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.4% 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 - National Industrialization has 2 warning signs we think you should be aware of.
Valuation is complex, but we're here to simplify it.
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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.
About SASE:2060
National Industrialization
Operates in the petrochemicals, chemicals, plastics, engineering, and metals sectors worldwide.
Good value with reasonable growth potential.