Al-Saif Stores for Development & Investment Reports First Quarter 2024 Earnings

Al-Saif Stores for Development & Investment (TADAWUL:4192) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س270.0m (up 18% from 1Q 2023).
• Net income: ر.س31.2m (down 38% from 1Q 2023).
• Profit margin: 12% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses.

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

Al-Saif Stores for Development & Investment shares are down 6.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Al-Saif Stores for Development & Investment you should be aware of, and 2 of them are a bit unpleasant.

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