Stock Analysis

Northern Region Cement First Quarter 2024 Earnings: EPS: ر.س0.29 (vs ر.س0.12 in 1Q 2023)

Simply Wall St

May 22, 2024

Northern Region Cement (TADAWUL:3004) First Quarter 2024 Results

Key Financial Results

Revenue: ر.س139.1m (down 23% from 1Q 2023).
Net income: ر.س51.6m (up 141% from 1Q 2023).
Profit margin: 37% (up from 12% in 1Q 2023).
EPS: ر.س0.29 (up from ر.س0.12 in 1Q 2023).

earnings-and-revenue-growth — SASE:3004 Earnings and Revenue Growth May 22nd 2024

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

Northern Region Cement Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Northern Region Cement (of which 1 is a bit concerning!) you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether Northern Region Cement is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.