National Central Cooling Company PJSC Full Year 2024 Earnings: Misses Expectations

National Central Cooling Company PJSC (DFM:TABREED) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ2.43b (flat on FY 2023).
• Net income: د.إ570.2m (up 32% from FY 2023).
• Profit margin: 23% (up from 18% in FY 2023).
• EPS: د.إ0.20 (up from د.إ0.15 in FY 2023).

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

National Central Cooling Company PJSC Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 3.3%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% 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

It is worth noting though that we have found 2 warning signs for National Central Cooling Company PJSC that you need to take into consideration.

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