Arabian Pipes Third Quarter 2024 Earnings: EPS: ر.س2.93 (vs ر.س2.99 in 3Q 2023)

Arabian Pipes (TADAWUL:2200) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س318.5m (up 14% from 3Q 2023).
• Net income: ر.س43.9m (down 2.1% from 3Q 2023).
• Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س2.93 (down from ر.س2.99 in 3Q 2023).

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

Arabian Pipes Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Metals and Mining industry in Saudi Arabia.

Performance of the Saudi Metals and Mining industry.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Arabian Pipes that you need to be mindful of.

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