Stock Analysis

Etihad Atheeb Telecommunication Full Year 2024 Earnings: EPS: ر.س6.43 (vs ر.س4.72 in FY 2023)

Simply Wall St

June 16, 2024

Etihad Atheeb Telecommunication (TADAWUL:7040) Full Year 2024 Results

Key Financial Results

Revenue: ر.س1.02b (up 61% from FY 2023).
Net income: ر.س194.7m (up 358% from FY 2023).
Profit margin: 19% (up from 6.7% in FY 2023).
EPS: ر.س6.43 (up from ر.س4.72 in FY 2023).

revenue-and-expenses-breakdown — SASE:7040 Revenue and Expenses Breakdown June 16th 2024

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

The primary driver behind last 12 months revenue was the Kingdom of Saudi Arabia segment contributing a total revenue of ر.س1.02b (100% of total revenue). Notably, cost of sales worth ر.س710.6m amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ر.س102.2m (65% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of ر.س46.6m. Explore how 7040's revenue and expenses shape its earnings.

Etihad Atheeb Telecommunication shares are down 7.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Etihad Atheeb Telecommunication you should be aware of, and 2 of them are significant.

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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.