KMC Properties First Quarter 2024 Earnings: Revenues In Line With Expectations

KMC Properties (OB:KMCP) First Quarter 2024 Results

Key Financial Results

• Revenue: kr114.9m (up 21% from 1Q 2023).
• Net income: kr81.3m (up 225% from 1Q 2023).
• Profit margin: 71% (up from 26% in 1Q 2023).

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

KMC Properties Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Real Estate industry in Norway.

Performance of the Norwegian Real Estate industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with KMC Properties (including 1 which is significant).

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