Emirates Telecommunications Group Company PJSC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Emirates Telecommunications Group Company PJSC (ADX:EAND) Second Quarter 2024 Results
Key Financial Results
- Revenue: د.إ14.1b (up 3.5% from 2Q 2023).
- Net income: د.إ3.17b (up 26% from 2Q 2023).
- Profit margin: 23% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: د.إ0.36 (up from د.إ0.29 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emirates Telecommunications Group Company PJSC EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia.
Performance of the market in United Arab Emirates.
The company's shares are down 2.8% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Emirates Telecommunications Group Company PJSC.
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About ADX:EAND
Emirates Telecommunications Group Company PJSC
Provides telecommunications services, media, and related equipment.
Outstanding track record, good value and pays a dividend.