Qassim Cement Second Quarter 2024 Earnings: EPS: ر.س0.77 (vs ر.س0.42 in 2Q 2023)

Qassim Cement (TADAWUL:3040) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س203.3m (up 48% from 2Q 2023).
• Net income: ر.س72.9m (up 91% from 2Q 2023).
• Profit margin: 36% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.77 (up from ر.س0.42 in 2Q 2023).

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

Qassim Cement Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% 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

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Qassim Cement that you should be aware of.

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