Stock Analysis
- Saudi Arabia
- /
- Media
- /
- SASE:4071
Arabian Contracting Services Second Quarter 2024 Earnings: EPS: ر.س0.95 (vs ر.س1.71 in 2Q 2023)
Arabian Contracting Services (TADAWUL:4071) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س374.1m (up 27% from 2Q 2023).
- Net income: ر.س47.3m (down 45% from 2Q 2023).
- Profit margin: 13% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: ر.س0.95 (down from ر.س1.71 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arabian Contracting Services Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Media industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 6.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Arabian Contracting Services you should be aware of, and 1 of them shouldn't be ignored.
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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:4071
Arabian Contracting Services
Engages in printing business in Saudi Arabia and Egypt.