Saudi Electricity Company (Tadawul:5110) first quarter 2024 results
Key financial results
- Revenues: 15.9 billion SAR (an increase of 19% from the first quarter of 2023).
- Net loss: 1.29 billion SAR (loss reduced by 8.6% from the first quarter of 2023).
- Loss of 0.31 SAR per share (improved from a loss of 0.34 SAR in the first quarter of 2023).
All numbers shown in the chart above are for the trailing 12 month period (TTM).
Insights into Saudi Electricity Company profits
Looking ahead, revenues are expected to grow 3.9% annually on average over the next three years, compared to a 4.6% growth forecast for the electric utility industry in Asia.
Market performance in Kingdom of Saudi Arabia.
The company’s shares fell 2.6% from last week.
Risk analysis
You should always consider the risks. Case in point, we’ve spotted 3 warning signs for Saudi Electricity Company You should be aware of them, and not one of them should be ignored.
Evaluation is complex, but we help simplify it.
Find out if Saudi Electricity It may be overvalued or undervalued by checking our comprehensive analysis, which includes Fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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