Abu Dhabi National Oil Company for Distribution PJSC Third Quarter 2024 Earnings: Beats Expectations

Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ9.08b (up 1.7% from 3Q 2023).
• Net income: د.إ667.4m (down 20% from 3Q 2023).
• Profit margin: 7.3% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.053 (down from د.إ0.067 in 3Q 2023).

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

Abu Dhabi National Oil Company for Distribution PJSC Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.

Performance of the market in United Arab Emirates.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Abu Dhabi National Oil Company for Distribution PJSC that you should be aware of.

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