Stock Analysis
- United Arab Emirates
- /
- Banks
- /
- DFM:DIB
Dubai Islamic Bank P.J.S.C Second Quarter 2024 Earnings: Beats Expectations
Dubai Islamic Bank P.J.S.C (DFM:DIB) Second Quarter 2024 Results
Key Financial Results
- Revenue: د.إ2.71b (up 15% from 2Q 2023).
- Net income: د.إ1.68b (up 15% from 2Q 2023).
- Profit margin: 62% (in line with 2Q 2023).
- EPS: د.إ0.22 (up from د.إ0.20 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dubai Islamic Bank P.J.S.C Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 5.0% 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 up 2.7% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Dubai Islamic Bank P.J.S.C (1 can't be ignored!) that you should be aware of before investing here.
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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.
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About DFM:DIB
Dubai Islamic Bank P.J.S.C
Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.