Abdulmohsen Al-Hokair Group for Tourism and Development (TADAWUL:1820) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س213.4m (up 21% from 3Q 2022).
• Net income: ر.س7.15m (down 41% from 3Q 2022).
• Profit margin: 3.3% (down from 6.9% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.02 (down from ر.س0.038 in 3Q 2022).

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

Abdulmohsen Al-Hokair Group for Tourism and Development Earnings Insights

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Saudi Arabia.

Performance of the Saudi Hospitality industry.

The company’s shares are up 5.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Abdulmohsen Al-Hokair Group for Tourism and Development has 1 warning sign we think you should be aware of.

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