Commercial Bank of Dubai PSC Third Quarter 2024 Earnings: EPS: د.إ0.26 (vs د.إ0.24 in 3Q 2023)

Commercial Bank of Dubai PSC (DFM:CBD) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ1.23b (up 22% from 3Q 2023).
• Net income: د.إ778.8m (up 9.7% from 3Q 2023).
• Profit margin: 63% (down from 70% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.26 (up from د.إ0.24 in 3Q 2023).

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

Commercial Bank of Dubai PSC Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Commercial Bank of Dubai PSC's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.