Herfy Food Services Second Quarter 2024 Earnings: ر.س0.37 loss per share (vs ر.س0.07 profit in 2Q 2023)

-0.06%

HERFY FOODS

6002.SA

15.67

-0.06%

Herfy Food Services (TADAWUL:6002) Second Quarter 2024 Results

Key Financial Results

Revenue: ر.س301.1m (up 4.5% from 2Q 2023).
Net loss: ر.س23.7m (down from ر.س4.54m profit in 2Q 2023).
ر.س0.37 loss per share (down from ر.س0.07 profit in 2Q 2023).

earnings-and-revenue-growth — SASE:6002 Earnings and Revenue Growth August 6th 2024

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

Herfy Food Services Earnings Insights

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia.

The company's shares are down 18% from a week ago.

Risk Analysis

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