Retal Urban Development First Quarter 2024 Earnings: EPS: ر.س0.13 (vs ر.س0.083 in 1Q 2023)

Retal Urban Development (TADAWUL:4322) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س500.6m (up 57% from 1Q 2023).
• Net income: ر.س62.3m (up 50% from 1Q 2023).
• Profit margin: 12% (in line with 1Q 2023).
• EPS: ر.س0.13 (up from ر.س0.083 in 1Q 2023).

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

Retal Urban Development Earnings Insights

Looking ahead, revenue is forecast to grow 16% 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 up 2.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Retal Urban Development has 3 warning signs (and 2 which are potentially serious) we think you should know about.

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