Eastern Province Cement Second Quarter 2024 Earnings: EPS: ر.س0.70 (vs ر.س0.60 in 2Q 2023)

Eastern Province Cement (TADAWUL:3080) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س282.6m (up 31% from 2Q 2023).
• Net income: ر.س60.5m (up 18% from 2Q 2023).
• Profit margin: 21% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.70 (up from ر.س0.60 in 2Q 2023).

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

Eastern Province Cement Earnings Insights

Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Saudi Arabia are expected to grow by 6.5%.

Performance of the Saudi Basic Materials industry.

The company's shares are down 7.1% from a week ago.

Risk Analysis

Be aware that Eastern Province Cement is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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