Riyadh Cement Second Quarter 2024 Earnings: EPS: ر.س0.54 (vs ر.س0.44 in 2Q 2023)

Riyadh Cement (TADAWUL:3092) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س163.7m (up 5.8% from 2Q 2023).
• Net income: ر.س64.4m (up 21% from 2Q 2023).
• Profit margin: 39% (up from 34% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: ر.س0.54 (up from ر.س0.44 in 2Q 2023).

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

Riyadh Cement Earnings Insights

Looking ahead, revenue is forecast to grow 4.9% 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 5.3% from a week ago.

Valuation

Following the latest earnings results, Riyadh Cement may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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