Arabian Centres Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Arabian Centres (TADAWUL:4321) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س2.25b (flat on FY 2022).
• Net income: ر.س1.51b (up 37% from FY 2022).
• Profit margin: 67% (up from 50% in FY 2022).
• EPS: ر.س3.19 (up from ر.س2.34 in FY 2022).

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

Arabian Centres EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 133%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 9.3% from a week ago.

Risk Analysis

Be aware that Arabian Centres is showing 4 warning signs in our investment analysis and 2 of those are significant...

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