Retal Urban Development Second Quarter 2024 Earnings: EPS: ر.س0.14 (vs ر.س0.14 in 2Q 2023)

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

Key Financial Results

• Revenue: ر.س463.7m (up 76% from 2Q 2023).
• Net income: ر.س72.2m (up 1.7% from 2Q 2023).
• Profit margin: 16% (down from 27% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.14 (up from ر.س0.14 in 2Q 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 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Real Estate industry in Saudi Arabia.

Performance of the Saudi Real Estate industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Retal Urban Development (1 makes us a bit uncomfortable!) that we have uncovered.

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