Riyadh Cables Group Third Quarter 2023 Earnings: EPS: ر.س0.89 (vs ر.س0.62 in 3Q 2022)
RIYADH CABLES 4142.SA | 126.50 | -1.94% |
Riyadh Cables Group (TADAWUL:4142) Third Quarter 2023 Results
Key Financial Results
- Revenue: ر.س2.08b (up 18% from 3Q 2022).
- Net income: ر.س132.7m (up 43% from 3Q 2022).
- Profit margin: 6.4% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue.
- EPS: ر.س0.89 (up from ر.س0.62 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Riyadh Cables Group Earnings Insights
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 1.9% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Riyadh Cables Group.
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