United International Transportation Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

United International Transportation (TADAWUL:4260) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.38b (up 34% from FY 2022).
• Net income: ر.س277.2m (up 10.0% from FY 2022).
• Profit margin: 20% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: ر.س3.90 (up from ر.س3.54 in FY 2022).

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

United International Transportation Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Transportation industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 3.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for United International Transportation that you should be aware of before investing here.

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