Emirates Central Cooling Systems Second Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

August 08, 2024

Emirates Central Cooling Systems (DFM:EMPOWER) Second Quarter 2024 Results

Key Financial Results

Revenue: د.إ828.5m (up 13% from 2Q 2023).
Net income: د.إ221.2m (down 6.1% from 2Q 2023).
Profit margin: 27% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: د.إ0.022 (down from د.إ0.024 in 2Q 2023).

earnings-and-revenue-growth — DFM:EMPOWER Earnings and Revenue Growth August 8th 2024

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

Emirates Central Cooling Systems EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities 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

We don't want to rain on the parade too much, but we did also find 2 warning signs for Emirates Central Cooling Systems that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if Emirates Central Cooling Systems might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.