- Saudi Arabia
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- Basic Materials
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- SASE:3010
Arabian Cement Second Quarter 2024 Earnings: EPS: ر.س0.29 (vs ر.س0.28 in 2Q 2023)
Arabian Cement (TADAWUL:3010) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س175.2m (down 11% from 2Q 2023).
- Net income: ر.س28.9m (up 3.2% from 2Q 2023).
- Profit margin: 17% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: ر.س0.29 (up from ر.س0.28 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arabian Cement Earnings Insights
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Basic Materials industry in Saudi Arabia.
Performance of the Saudi Basic Materials industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Arabian Cement you should be aware of.
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About SASE:3010
Arabian Cement
Engages in the production, trading, and selling of cement primarily in Saudi Arabia and Jordan.
Flawless balance sheet and undervalued.