TECOM Group PJSC Full Year 2024 Earnings: EPS Beats Expectations

TECOM Group PJSC (DFM:TECOM) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ2.40b (up 11% from FY 2023).
• Net income: د.إ1.23b (up 14% from FY 2023).
• Profit margin: 51% (up from 50% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ0.25 (up from د.إ0.22 in FY 2023).

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

TECOM Group PJSC EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates.

Performance of the Emirian Real Estate industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for TECOM Group PJSC that you should be aware of.

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