Saudi Paper Manufacturing Third Quarter 2024 Earnings: EPS: ر.س0.56 (vs ر.س0.60 in 3Q 2023)

Saudi Paper Manufacturing (TADAWUL:2300) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س215.3m (up 10% from 3Q 2023).
• Net income: ر.س20.6m (down 8.2% from 3Q 2023).
• Profit margin: 9.6% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.56 (down from ر.س0.60 in 3Q 2023).

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

Saudi Paper Manufacturing Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in Asia.

Performance of the market in Saudi Arabia.

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

Risk Analysis

Be aware that Saudi Paper Manufacturing is showing 1 warning sign in our investment analysis that you should know about...

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