Stock Analysis
- United Arab Emirates
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- Insurance
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- ADX:ADNIC
Abu Dhabi National Insurance Company PJSC Reports First Quarter 2024 Earnings
Abu Dhabi National Insurance Company PJSC (ADX:ADNIC) First Quarter 2024 Results
Key Financial Results
- Revenue: د.إ2.23b (up 406% from 1Q 2023).
- Net income: د.إ100.9m (up 1.3% from 1Q 2023).
- Profit margin: 4.5% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Abu Dhabi National Insurance Company PJSC shares are up 1.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Abu Dhabi National Insurance Company PJSC that you should be aware of.
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About ADX:ADNIC
Abu Dhabi National Insurance Company PJSC
Provides various insurance and reinsurance products to individuals and corporates in the United Arab Emirates and internationally.
Average dividend payer with acceptable track record.