- Saudi Arabia
- /
- Logistics
- /
- SASE:4263
SAL Saudi Logistics Services Second Quarter 2024 Earnings: EPS: ر.س1.94 (vs ر.س1.36 in 2Q 2023)
SAL Saudi Logistics Services (TADAWUL:4263) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س405.5m (up 20% from 2Q 2023).
- Net income: ر.س155.5m (up 43% from 2Q 2023).
- Profit margin: 38% (up from 32% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س1.94 (up from ر.س1.36 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SAL Saudi Logistics Services Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Logistics industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Be aware that SAL Saudi Logistics Services is showing 1 warning sign in our investment analysis that you should know about...
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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.
About SASE:4263
SAL Saudi Logistics Services
Provides logistics and supply chain solutions in the Kingdom of Saudi Arabia.
Outstanding track record with excellent balance sheet.