Saudi Real Estate Third Quarter 2024 Earnings: EPS: ر.س0.10 (vs ر.س0.042 loss in 3Q 2023)

Saudi Real Estate (TADAWUL:4020) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س433.6m (up 10% from 3Q 2023).
• Net income: ر.س38.2m (up from ر.س15.6m loss in 3Q 2023).
• Profit margin: 8.8% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: ر.س0.10 (up from ر.س0.042 loss in 3Q 2023).

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

Saudi Real Estate Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Real Estate industry in Saudi Arabia.

Performance of the Saudi Real Estate industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Saudi Real Estate has 1 warning sign we think you should be aware of.

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