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Kardan Real Estate Enterprise and Development Second Quarter 2024 Earnings: EPS: ₪0.04 (vs ₪0.13 in 2Q 2023)
Kardan Real Estate Enterprise and Development (TLV:KARE) Second Quarter 2024 Results
Key Financial Results
- Revenue: ₪135.3m (down 14% from 2Q 2023).
- Net income: ₪7.71m (down 67% from 2Q 2023).
- Profit margin: 5.7% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: ₪0.04 (down from ₪0.13 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kardan Real Estate Enterprise and Development's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Kardan Real Estate Enterprise and Development (at least 1 which is potentially serious), and understanding these should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Kardan Real Estate Enterprise and Development 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.
About TASE:KARE
Kardan Real Estate Enterprise and Development
Plans, constructs, develops, builds, and manages residential building and income-producing properties in Israel.
Mediocre balance sheet low.