Stock Analysis
- United Arab Emirates
- /
- Specialty Stores
- /
- ADX:ADNOCDIST
Abu Dhabi National Oil Company for Distribution PJSC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Second Quarter 2024 Results
Key Financial Results
- Revenue: د.إ8.78b (up 8.0% from 2Q 2023).
- Net income: د.إ622.8m (up 13% from 2Q 2023).
- Profit margin: 7.1% (up from 6.8% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: د.إ0.05 (up from د.إ0.044 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Abu Dhabi National Oil Company for Distribution PJSC EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Specialty Retail industry in Asia.
Performance of the market in United Arab Emirates.
The company's shares are down 1.1% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Abu Dhabi National Oil Company for Distribution PJSC you should know about.
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About ADX:ADNOCDIST
Abu Dhabi National Oil Company for Distribution PJSC
Abu Dhabi National Oil Company for Distribution PJSC, together with its subsidiaries, markets petroleum products, natural gas, and ancillary products in the United Arab Emirates.