Stock Analysis
- United Arab Emirates
- /
- Banks
- /
- ADX:ADIB
Abu Dhabi Islamic Bank PJSC Second Quarter 2024 Earnings: Beats Expectations
Abu Dhabi Islamic Bank PJSC (ADX:ADIB) Second Quarter 2024 Results
Key Financial Results
- Revenue: د.إ2.54b (up 27% from 2Q 2023).
- Net income: د.إ1.49b (up 35% from 2Q 2023).
- Profit margin: 59% (up from 55% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: د.إ0.39 (up from د.إ0.30 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Abu Dhabi Islamic Bank PJSC Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Banks industry in United Arab Emirates.
Performance of the Emirian Banks industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Abu Dhabi Islamic Bank PJSC has 1 warning sign we think you should be aware of.
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About ADX:ADIB
Abu Dhabi Islamic Bank PJSC
Provides banking, financing, and investing services in the United Arab Emirates and internationally.
Proven track record with adequate balance sheet and pays a dividend.