Yamama Saudi Cement First Quarter 2024 Earnings: EPS: ر.س0.57 (vs ر.س0.56 in 1Q 2023)

Yamama Saudi Cement (TADAWUL:3020) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س273.7m (down 3.3% from 1Q 2023).
• Net income: ر.س115.0m (up 2.3% from 1Q 2023).
• Profit margin: 42% (up from 40% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.57 (up from ر.س0.56 in 1Q 2023).

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

Yamama Saudi Cement Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Yamama Saudi Cement, and understanding this should be part of your investment process.

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