- Saudi Arabia
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- Basic Materials
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- SASE:3040
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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Discover if Qassim Cement might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SASE:3040
Qassim Cement
Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.
Flawless balance sheet with proven track record.