Alujain (TADAWUL:2170) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س338.2m (down 20% from 3Q 2023).
• Net income: ر.س45.8m (up 187% from 3Q 2023).
• Profit margin: 14% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.66 (up from ر.س0.32 in 3Q 2023).

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

Alujain Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Saudi Arabia.

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

Risk Analysis

You still need to take note of risks, for example - Alujain has 2 warning signs we think you should be aware of.

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.