Saudi Electricity Third Quarter 2024 Earnings: EPS: ر.س1.13 (vs ر.س0.94 in 3Q 2023)

Saudi Electricity (TADAWUL:5110) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س28.3b (up 19% from 3Q 2023).
• Net income: ر.س4.69b (up 20% from 3Q 2023).
• Profit margin: 17% (in line with 3Q 2023).
• EPS: ر.س1.13 (up from ر.س0.94 in 3Q 2023).

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

Saudi Electricity Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Saudi Electricity (1 can't be ignored!) that you need to be mindful of.

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