Emirates Driving Company P.J.S.C Third Quarter 2024 Earnings: EPS: د.إ0.08 (vs د.إ0.064 in 3Q 2023)

Emirates Driving Company P.J.S.C (ADX:DRIVE) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ161.7m (up 72% from 3Q 2023).
• Net income: د.إ85.3m (up 24% from 3Q 2023).
• Profit margin: 53% (down from 73% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.08 (up from د.إ0.064 in 3Q 2023).

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

Emirates Driving Company P.J.S.C Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia.

Performance of the market in United Arab Emirates.

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

Risk Analysis

It is worth noting though that we have found 1 warning sign for Emirates Driving Company P.J.S.C that you need to take into consideration.

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