National Central Cooling Company PJSC Full Year 2023 Earnings: EPS Misses Expectations

National Central Cooling Company PJSC (DFM:TABREED) Full Year 2023 Results

Key Financial Results

• Revenue: د.إ2.42b (up 9.0% from FY 2022).
• Net income: د.إ431.1m (down 28% from FY 2022).
• Profit margin: 18% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.15 (down from د.إ0.21 in FY 2022).

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

National Central Cooling Company PJSC EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Water Utilities industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Be aware that National Central Cooling Company PJSC is showing 3 warning signs in our investment analysis that you should know about...

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