Tabuk Cement (TADAWUL:3090) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س343.4m (up 30% from FY 2023).
• Net income: ر.س79.6m (up 303% from FY 2023).
• Profit margin: 23% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.88 (up from ر.س0.22 in FY 2023).

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

Tabuk Cement EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 121%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Basic Materials industry in Saudi Arabia.

The company's shares are down 6.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks.

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