Arabian Centres (TADAWUL:4321) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س585.7m (up 3.3% from 3Q 2023).
• Net income: ر.س334.6m (up 17% from 3Q 2023).
• Profit margin: 57% (up from 51% in 3Q 2023).
• EPS: ر.س0.70 (up from ر.س0.60 in 3Q 2023).

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

Arabian Centres Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Real Estate industry in Saudi Arabia.

The company's shares are down 1.0% from a week ago.

Valuation

Following the latest earnings results, Arabian Centres may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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.