Stock Analysis
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- ADX:BURJEEL
Burjeel Holdings Full Year 2023 Earnings: Revenues Miss Expectations
Burjeel Holdings (ADX:BURJEEL) Full Year 2023 Results
Key Financial Results
- Revenue: د.إ4.54b (up 16% from FY 2022).
- Net income: د.إ516.2m (up 53% from FY 2022).
- Profit margin: 11% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Burjeel Holdings Revenues Disappoint
Revenue missed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare industry in Asia.
Performance of the market in United Arab Emirates.
The company's shares are down 5.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Burjeel Holdings that you need to take into consideration.
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About ADX:BURJEEL
Burjeel Holdings
Burjeel Holdings PLC, together with its subsidiaries, owns and operates multi-specialty hospitals and medical centers in the United Arab Emirates, the Sultanate of Oman, and the Kingdom of Saudi Arabia.
Solid track record with reasonable growth potential.