Saudi Ceramic (TADAWUL:2040) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س311.6m (down 15% from 3Q 2022).
• Net loss: ر.س168.6m (down by 494% from ر.س42.8m profit in 3Q 2022).
• ر.س2.11 loss per share (down from ر.س0.53 profit in 3Q 2022).

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

Saudi Ceramic Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Building industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 3.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Saudi Ceramic that we have uncovered.

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.