- Saudi Arabia
- /
- Specialty Stores
- /
- SASE:4008
Saudi Company for Hardware SACO Second Quarter 2024 Earnings: ر.س0.11 loss per share (vs ر.س0.44 loss in 2Q 2023)
Saudi Company for Hardware SACO (TADAWUL:4008) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س236.5m (up 2.2% from 2Q 2023).
- Net loss: ر.س3.98m (loss narrowed by 75% from 2Q 2023).
- ر.س0.11 loss per share (improved from ر.س0.44 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Company for Hardware SACO Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Specialty Retail industry in Saudi Arabia.
Performance of the Saudi Specialty Retail industry.
The company's shares are down 6.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Saudi Company for Hardware SACO's balance sheet.
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About SASE:4008
Saudi Company for Hardware SACO
Engages in the retailing and wholesaling of household and office supplies and appliances, construction tools and equipment, and electrical tools and hardware in the Kingdom of Saudi Arabia.
Reasonable growth potential with adequate balance sheet.