Stock Analysis
- Saudi Arabia
- /
- Basic Materials
- /
- SASE:3003
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About SASE:3003
City Cement
Manufactures and sells cement in the Kingdom of Saudi Arabia.