- Saudi Arabia
- /
- Real Estate
- /
- SASE:4321
Arabian Centres Second Quarter 2024 Earnings: EPS: ر.س0.74 (vs ر.س0.71 in 2Q 2023)
Arabian Centres (TADAWUL:4321) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س586.5m (up 4.5% from 2Q 2023).
- Net income: ر.س353.1m (up 4.3% from 2Q 2023).
- Profit margin: 60% (in line with 2Q 2023).
- EPS: ر.س0.74 (up from ر.س0.71 in 2Q 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 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Real Estate industry in Saudi Arabia.
Performance of the Saudi Real Estate industry.
The company's shares are up 5.0% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Arabian Centres (at least 2 which are a bit concerning), and understanding them should be part of your investment process.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:4321
Arabian Centres
Owns, develops, and operates lifestyle centers in the Kingdom of Saudi Arabia.
Undervalued slight.