- Saudi Arabia
- /
- Real Estate
- /
- SASE:4020
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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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:4020
Saudi Real Estate
Operates as a real estate development company in Saudi Arabia.
High growth potential with acceptable track record.