Stock Analysis
- Saudi Arabia
- /
- Basic Materials
- /
- SASE:3050
Southern Province Cement Second Quarter 2024 Earnings: EPS: ر.س0.21 (vs ر.س0.14 in 2Q 2023)
Southern Province Cement (TADAWUL:3050) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س214.3m (down 5.2% from 2Q 2023).
- Net income: ر.س30.0m (up 58% from 2Q 2023).
- Profit margin: 14% (up from 8.4% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: ر.س0.21 (up from ر.س0.14 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Southern Province Cement Earnings Insights
Looking ahead, revenue is forecast to grow 5.4% 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 shares are up 1.3% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Southern Province Cement that you need to be mindful of.
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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.
About SASE:3050
Southern Province Cement
Engages in the manufacture, production and sale of cement, clinker, and its derivatives and accessories in Saudi Arabia.