Alujain Third Quarter 2024 Earnings: EPS: ر.س0.66 (vs ر.س0.32 in 3Q 2023)

Alujain (TADAWUL:2170) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س338.2m (down 20% from 3Q 2023).
• Net income: ر.س45.8m (up 187% from 3Q 2023).
• Profit margin: 14% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.66 (up from ر.س0.32 in 3Q 2023).

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 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Alujain has 2 warning signs we think you should be aware of.

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