Emirates Integrated Telecommunications Company PJSC Full Year 2023 Earnings: Beats Expectations

Emirates Integrated Telecommunications Company PJSC (DFM:DU) Full Year 2023 Results

Key Financial Results

• Revenue: د.إ13.6b (up 6.9% from FY 2022).
• Net income: د.إ1.67b (up 37% from FY 2022).
• Profit margin: 12% (up from 9.6% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: د.إ0.37 (up from د.إ0.27 in FY 2022).

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

Emirates Integrated Telecommunications Company PJSC Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 1.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Emirates Integrated Telecommunications Company PJSC that you should be aware of before investing here.

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