Power and Water Utility Company for Jubail and Yanbu (TADAWUL:2083) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س1.70b (down 3.8% from 3Q 2022).
• Net income: ر.س188.1m (down 39% from 3Q 2022).
• Profit margin: 11% (down from 18% in 3Q 2022). The decrease in margin was primarily driven by lower revenue.
• EPS: ر.س0.75 (down from ر.س1.24 in 3Q 2022).

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

Power and Water Utility Company for Jubail and Yanbu Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Integrated Utilities industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Power and Water Utility Company for Jubail and Yanbu you should be aware of, and 1 of them can't be ignored.

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.