ADNOC Logistics & Services Full Year 2024 Earnings: EPS: US$0.10 (vs US$0.084 in FY 2023)

ADNOC Logistics & Services (ADX:ADNOCLS) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.55b (up 29% from FY 2023).
• Net income: US$756.2m (up 22% from FY 2023).
• Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.10 (up from US$0.084 in FY 2023).

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

ADNOC Logistics & Services Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in United Arab Emirates.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on ADNOC Logistics & Services' balance sheet health.

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