United International Transportation Second Quarter 2024 Earnings: EPS: ر.س0.99 (vs ر.س0.99 in 2Q 2023)

United International Transportation (TADAWUL:4260) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س425.1m (up 25% from 2Q 2023).
• Net income: ر.س70.2m (flat on 2Q 2023).
• Profit margin: 17% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.99.

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

United International Transportation Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Transportation industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 3.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for United International Transportation that you need to take into consideration.

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