Emaar Development PJSC Full Year 2023 Earnings: EPS: د.إ1.66 (vs د.إ0.95 in FY 2022)

Emaar Development PJSC (DFM:EMAARDEV) Full Year 2023 Results

Key Financial Results

• Revenue: د.إ11.9b (up 3.3% from FY 2022).
• Net income: د.إ6.63b (up 74% from FY 2022).
• Profit margin: 56% (up from 33% in FY 2022). The increase in margin was primarily driven by lower expenses.
• EPS: د.إ1.66 (up from د.إ0.95 in FY 2022).

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

Emaar Development PJSC Earnings Insights

In the last 12 months, the only revenue segment was Real Estate Development Business contributing د.إ11.9b. The largest operating expense was General & Administrative costs, amounting to د.إ639.1m (39% of total expenses). Explore how EMAARDEV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% 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 shares are down 2.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Emaar Development PJSC (1 is a bit unpleasant!) that we have uncovered.

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