Abu Dhabi National Hotels Company PJSC Third Quarter 2024 Earnings: EPS: د.إ0.002 (vs د.إ0.004 in 3Q 2023)

Abu Dhabi National Hotels Company PJSC (ADX:ADNH) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ694.5m (up 131% from 3Q 2023).
• Net income: د.إ30.2m (down 39% from 3Q 2023).
• Profit margin: 4.4% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.002 (down from د.إ0.004 in 3Q 2023).

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

Abu Dhabi National Hotels Company PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 1.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Abu Dhabi National Hotels Company PJSC (of which 1 doesn't sit too well with us!) you should know about.

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