SAL Saudi Logistics Services Full Year 2024 Earnings: Misses Expectations

SAL Saudi Logistics Services (TADAWUL:4263) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س1.63b (up 12% from FY 2023).
• Net income: ر.س661.4m (up 30% from FY 2023).
• Profit margin: 41% (up from 35% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س8.27 (up from ر.س6.37 in FY 2023).

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

SAL Saudi Logistics Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 7.8%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Logistics industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 18% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of SAL Saudi Logistics Services' balance sheet and an in-depth analysis of the company's financial position.

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