TECOM Group PJSC Third Quarter 2024 Earnings: EPS: د.إ0.07 (vs د.إ0.057 in 3Q 2023)

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

Key Financial Results

• Revenue: د.إ610.9m (up 13% from 3Q 2023).
• Net income: د.إ339.6m (up 20% from 3Q 2023).
• Profit margin: 56% (up from 52% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ0.07 (up from د.إ0.057 in 3Q 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 4.5% 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 1.6% 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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