Perfect Presentation for Commercial Services Full Year 2023 Earnings: Revenues Beat Expectations

Perfect Presentation for Commercial Services (TADAWUL:7204) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.13b (up 22% from FY 2022).
• Net income: ر.س129.3m (down 1.6% from FY 2022).
• Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.

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

Perfect Presentation for Commercial Services Revenues Beat Expectations

Revenue exceeded analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 16% 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

You still need to take note of risks, for example - Perfect Presentation for Commercial Services has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.

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