Leejam Sports Full Year 2023 Earnings: Beats Expectations

FITNESS TIME -3.12%

FITNESS TIME

1830.SA

217.40

-3.12%

Leejam Sports (TADAWUL:1830) Full Year 2023 Results

Key Financial Results

  • Revenue: ر.س1.33b (up 24% from FY 2022).
  • Net income: ر.س356.2m (up 39% from FY 2022).
  • Profit margin: 27% (up from 24% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: ر.س6.80 (up from ر.س4.91 in FY 2022).
    earnings-and-revenue-growth
    SASE:1830 Earnings and Revenue Growth March 30th 2024

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

    Leejam Sports Revenues and Earnings Beat Expectations

    Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%.

    Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia.

    Performance of the Saudi Hospitality industry.

    The company's shares are down 8.9% from a week ago.

    Risk Analysis

    Before we wrap up, we've discovered 1 warning sign for Leejam Sports that you should be aware of.

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