Emaar Properties PJSC Full Year 2024 Earnings: Beats Expectations

Emaar Properties PJSC (DFM:EMAAR) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ35.5b (up 33% from FY 2023).
• Net income: د.إ13.5b (up 16% from FY 2023).
• Profit margin: 38% (down from 44% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ1.53 (up from د.إ1.32 in FY 2023).

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

Emaar Properties PJSC Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates.

Performance of the Emirian Real Estate industry.

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

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Emaar Properties PJSC you should know about.

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