Red Sea International Full Year 2023 Earnings: ر.س1.10 loss per share (vs ر.س6.49 loss in FY 2022)

Red Sea International (TADAWUL:4230) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.38b (up 229% from FY 2022).
• Net loss: ر.س21.7m (loss narrowed by 89% from FY 2022).
• ر.س1.10 loss per share (improved from ر.س6.49 loss in FY 2022).

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

Red Sea International shares are up 6.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Red Sea International that you need to be mindful of.

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