TECOM Group PJSC Second Quarter 2024 Earnings: EPS: د.إ0.06 (vs د.إ0.046 in 2Q 2023)

TECOM Group PJSC (DFM:TECOM) Second Quarter 2024 Results

Key Financial Results

• Revenue: د.إ583.7m (up 9.1% from 2Q 2023).
• Net income: د.إ310.5m (up 35% from 2Q 2023).
• Profit margin: 53% (up from 43% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: د.إ0.06 (up from د.إ0.046 in 2Q 2023).

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

TECOM Group PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 3.7% 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 up 2.2% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with TECOM Group PJSC.

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