Stock Analysis

Arabian Internet and Communication Services Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

SASE:7202
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Arabian Internet and Communication Services (TADAWUL:7202) Full Year 2023 Results

Key Financial Results

  • Revenue: ر.س11.0b (up 25% from FY 2022).
  • Net income: ر.س1.19b (up 13% from FY 2022).
  • Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses.
  • EPS: ر.س10.02 (up from ر.س8.86 in FY 2022).
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SASE:7202 Earnings and Revenue Growth March 2nd 2024

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

Arabian Internet and Communication Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.

Performance of the market in Saudi Arabia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Arabian Internet and Communication Services you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.