R.A.K. Ceramics P.J.S.C Third Quarter 2024 Earnings: EPS: د.إ0.05 (vs د.إ0.077 in 3Q 2023)

R.A.K. Ceramics P.J.S.C (ADX:RAKCEC) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ802.5m (down 4.1% from 3Q 2023).
• Net income: د.إ54.5m (down 29% from 3Q 2023).
• Profit margin: 6.8% (down from 9.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: د.إ0.05 (down from د.إ0.077 in 3Q 2023).

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

R.A.K. Ceramics P.J.S.C Earnings Insights

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Building industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - R.A.K. Ceramics P.J.S.C has 2 warning signs we think you should be aware of.

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