Sharjah Islamic Bank PJSC Second Quarter 2024 Earnings: EPS: د.إ0.09 (vs د.إ0.081 in 2Q 2023)

Sharjah Islamic Bank PJSC (ADX:SIB) Second Quarter 2024 Results

Key Financial Results

• Revenue: د.إ502.0m (up 19% from 2Q 2023).
• Net income: د.إ306.5m (up 17% from 2Q 2023).
• Profit margin: 61% (down from 62% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.09 (up from د.إ0.081 in 2Q 2023).

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

Sharjah Islamic Bank PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Sharjah Islamic Bank PJSC (1 doesn't sit too well with us) you should be aware of.

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