Fawaz Abdulaziz Al Hokair Second Quarter 2023 Earnings: Revenues Miss Expectations

Fawaz Abdulaziz Al Hokair (TADAWUL:4240) Second Quarter 2023 Results

Key Financial Results

• Revenue: ر.س1.37b (flat on 2Q 2022).
• Net income: ر.س22.1m (up 1.7% from 2Q 2022).
• Profit margin: 1.6% (in line with 2Q 2022).

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

Fawaz Abdulaziz Al Hokair Revenues Disappoint

Revenue missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 7.7% from a week ago.

Risk Analysis

Be aware that Fawaz Abdulaziz Al Hokair is showing 3 warning signs in our investment analysis and 1 of those can't be ignored...

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