Arabia Internet and Telecommunications Services (TADAWUL:7202) Full Year 2023 Results
Main financial results
- Revenue: 110 billion yen (25% increase compared to FY2022).
- Net profit: 1.19 billion euros (13% increase compared to 2022).
- Profit margin: 11% (down from 12% in FY2022). The decrease in profit margin was due to an increase in expenses.
- EPS: 1.002 billion yen (up from 886 million yen in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Arabian Internet and Telecommunications Services revenue exceeds expectations, EPS falls short
Sales exceeded analysts’ expectations by 1.5%. Earnings per share (EPS) was 10.0% lower than analyst expectations.
Looking ahead, revenues are expected to grow at an average of 8.8% over the next three years, compared to a growth forecast of 8.9% for the Asian IT industry.
market performance Saudi Arabia.
The company’s stock price is almost unchanged from a week ago.
risk analysis
What about risks?Every company has them and we discovered that 1 warning sign for Arabian Internet and Telecommunications Services you should know about.
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