Emaar Properties PJSC Second Quarter 2024 Earnings: EPS: د.إ0.27 (vs د.إ0.20 in 2Q 2023)

Emaar Properties PJSC (DFM:EMAAR) Second Quarter 2024 Results

Key Financial Results

• Revenue: د.إ7.68b (up 28% from 2Q 2023).
• Net income: د.إ2.42b (up 39% from 2Q 2023).
• Profit margin: 32% (up from 29% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ0.27 (up from د.إ0.20 in 2Q 2023).

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

Emaar Properties PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates.

Performance of the Emirian Real Estate industry.

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

Valuation

Following the latest earnings results, Emaar Properties PJSC may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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