Middle East Pharmaceutical Industries Full Year 2024 Earnings: EPS: ر.س3.11 (vs ر.س3.29 in FY 2023)

Middle East Pharmaceutical Industries (TADAWUL:4016) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س394.0m (up 16% from FY 2023).
• Net income: ر.س79.8m (up 21% from FY 2023).
• Profit margin: 20% (in line with FY 2023).
• EPS: ر.س3.11.

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

Middle East Pharmaceutical Industries Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Pharmaceuticals industry in Asia.

Performance of the market in Saudi Arabia.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Middle East Pharmaceutical Industries' balance sheet.

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