Arab Internet and Communications Services (TADAWUL:7202) 2023 Full Year Results
Key financial results
- Revenue: €11.0b (+25% compared to FY22).
- Net profit: €1.19b (+13% compared to FY22).
- Margin: 11% (down from 12% in FY22). The decrease in profit margins was due to higher expenses.
- Earnings per share: Rs 10.02 (up from Rs 8.86 in FY22).
All data shown in the table above is for the trailing 12 month (TTM) period
Arabian Internet and Communications Services revenue beats forecasts, earnings per share misses forecasts
Revenue beat analysts’ expectations by 1.5%. Earnings per share (EPS) missed analysts’ expectations by 10.0%.
Looking ahead, revenue is expected to grow at an average annual rate of 8.8% over the next three years, while the Asian IT industry’s growth forecast is 8.9%.
market performance Saudi Arabia.
The company’s shares were essentially unchanged from a week ago.
Risk Analysis
What about the risks?Every company has them, we found 1 Warning Signs for Arab Internet and Communications Services You should know.
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