Retal Urban Development Third Quarter 2024 Earnings: EPS: ر.س0.08 (vs ر.س0.067 in 3Q 2023)

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

Key Financial Results

• Revenue: ر.س510.4m (up 52% from 3Q 2023).
• Net income: ر.س40.0m (up 20% from 3Q 2023).
• Profit margin: 7.8% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.08 (up from ر.س0.067 in 3Q 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 25% 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 down 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Retal Urban Development you should be aware of, and 1 of them can't be ignored.

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