Saudi Research and Media Group First Quarter 2024 Earnings: EPS: ر.س1.09 (vs ر.س1.51 in 1Q 2023)

Saudi Research and Media Group (TADAWUL:4210) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س814.9m (down 7.9% from 1Q 2023).
• Net income: ر.س86.9m (down 28% from 1Q 2023).
• Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ر.س1.09 (down from ر.س1.51 in 1Q 2023).

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

Saudi Research and Media Group Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 9.0% from a week ago.

Risk Analysis

Be aware that Saudi Research and Media Group is showing 1 warning sign in our investment analysis that you should know about...

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