Najran Cement (TADAWUL:3002) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س138.1m (down 3.9% from 1Q 2023).
• Net income: ر.س21.5m (down 26% from 1Q 2023).
• Profit margin: 16% (down from 20% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: ر.س0.13 (down from ر.س0.17 in 1Q 2023).

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

Najran Cement Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Najran Cement is showing 2 warning signs in our investment analysis and 1 of those is significant...

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