Makkah Construction and Development Second Quarter 2024 Earnings: EPS: ر.س0.87 (vs ر.س0.75 in 2Q 2023)

Makkah Construction and Development (TADAWUL:4100) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س350.1m (up 69% from 2Q 2023).
• Net income: ر.س142.6m (up 16% from 2Q 2023).
• Profit margin: 41% (down from 59% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.87 (up from ر.س0.75 in 2Q 2023).

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

Makkah Construction and Development shares are up 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Makkah Construction and Development's balance sheet.

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