Arabian Contracting Services (TADAWUL:4071) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س374.1m (up 27% from 2Q 2023).
• Net income: ر.س47.3m (down 45% from 2Q 2023).
• Profit margin: 13% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.95 (down from ر.س1.71 in 2Q 2023).

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

Arabian Contracting Services Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Media industry in Asia.

The company's shares are up 6.2% from a week ago.

Risk Analysis

You should always think about risks.

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