Arabian Centres First Quarter 2024 Earnings: EPS: ر.س0.38 (vs ر.س0.81 in 1Q 2023)

Arabian Centres (TADAWUL:4321) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س585.8m (up 2.1% from 1Q 2023).
• Net income: ر.س185.6m (down 52% from 1Q 2023).
• Profit margin: 32% (down from 67% in 1Q 2023).
• EPS: ر.س0.38 (down from ر.س0.81 in 1Q 2023).

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

Arabian Centres Earnings Insights

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Real Estate industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 3.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Arabian Centres you should be aware of, and 2 of them are a bit unpleasant.

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