Mobile Telecommunications Company Saudi Arabia Full Year 2024 Earnings: EPS Beats Expectations

Mobile Telecommunications Company Saudi Arabia (TADAWUL:7030) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س10.4b (up 4.9% from FY 2023).
• Net income: ر.س596.4m (down 53% from FY 2023).
• Profit margin: 5.8% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.66 (down from ر.س1.41 in FY 2023).

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

Mobile Telecommunications Company Saudi Arabia EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 9.0% from a week ago.

Valuation

Our analysis of Mobile Telecommunications Company Saudi Arabia based on 6 different valuation metrics shows it might be overvalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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