Alujain Full Year 2023 Earnings: ر.س1.61 loss per share (vs ر.س1.31 profit in FY 2022)

Alujain (TADAWUL:2170) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.40b (down 27% from FY 2022).
• Net loss: ر.س82.2m (down by 227% from ر.س64.5m profit in FY 2022).
• ر.س1.61 loss per share (down from ر.س1.31 profit in FY 2022).

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

Alujain Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

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

Risk Analysis

We should say that we've discovered 2 warning signs for Alujain that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.