- United Arab Emirates
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- Infrastructure
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- DFM:SALIK
Salik Company P.J.S.C Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Salik Company P.J.S.C (DFM:SALIK) Second Quarter 2024 Results
Key Financial Results
- Revenue: د.إ548.3m (up 6.1% from 2Q 2023).
- Net income: د.إ267.5m (down 1.9% from 2Q 2023).
- Profit margin: 49% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: د.إ0.04.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Salik Company P.J.S.C EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure 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
Be aware that Salik Company P.J.S.C is showing 2 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About DFM:SALIK
Salik Company P.J.S.C
Designs, constructs, operates, and maintains the toll gates in Dubai.
Reasonable growth potential with mediocre balance sheet.