Watani Iron Steel Full Year 2024 Earnings: EPS: ر.س0.054 (vs ر.س0.023 in FY 2023)

Watani Iron Steel (TADAWUL:9513) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س553.3m (up 50% from FY 2023).
• Net income: ر.س9.87m (up 133% from FY 2023).
• Profit margin: 1.8% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.054 (up from ر.س0.023 in FY 2023).

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

In the last 12 months, the only revenue segment was Manufacture of Rebar and Iron Primary Products contributing ر.س553.3m. Notably, cost of sales worth ر.س519.6m amounted to 94% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ر.س16.4m (69% of total expenses). Explore how 9513's revenue and expenses shape its earnings.

Watani Iron Steel shares are down 5.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Watani Iron Steel (1 is significant!) that you need to be mindful of.

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