Arabian Internet and Communication Services Full Year 2024 Earnings: EPS: ر.س13.42 (vs ر.س10.02 in FY 2023)

Arabian Internet and Communication Services (TADAWUL:7202) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س12.1b (up 9.3% from FY 2023).
• Net income: ر.س1.60b (up 34% from FY 2023).
• Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س13.42 (up from ر.س10.02 in FY 2023).

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

Arabian Internet and Communication Services Earnings Insights

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 3.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Arabian Internet and Communication Services' balance sheet health.

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