Zamil Industrial Investment Second Quarter 2024 Earnings: EPS: ر.س0.10 (vs ر.س3.36 loss in 2Q 2023)

Zamil Industrial Investment (TADAWUL:2240) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س1.34b (up 19% from 2Q 2023).
• Net income: ر.س6.10m (up from ر.س201.7m loss in 2Q 2023).
• Profit margin: 0.5% (up from net loss in 2Q 2023).
• EPS: ر.س0.10 (up from ر.س3.36 loss in 2Q 2023).

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

Zamil Industrial Investment Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.8% 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 4.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Zamil Industrial Investment that you need to take into consideration.

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