Dubai Taxi Company P.J.S.C Full Year 2024 Earnings: Misses Expectations

Dubai Taxi Company P.J.S.C (DFM:DTC) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ2.20b (up 12% from FY 2023).
• Net income: د.إ331.3m (down 4.1% from FY 2023).
• Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.13 (down from د.إ0.14 in FY 2023).

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

Dubai Taxi Company P.J.S.C Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Transportation industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Be aware that Dubai Taxi Company P.J.S.C is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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