City Cement Second Quarter 2024 Earnings: EPS: ر.س0.20 (vs ر.س0.17 in 2Q 2023)

City Cement (TADAWUL:3003) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س111.3m (up 43% from 2Q 2023).
• Net income: ر.س27.8m (up 14% from 2Q 2023).
• Profit margin: 25% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.20 (up from ر.س0.17 in 2Q 2023).

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

City Cement Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for City Cement that you should be aware of before investing here.

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