Commercial Bank (P.S.Q.C.) Second Quarter 2024 Earnings: EPS: ر.ق0.20 (vs ر.ق0.20 in 2Q 2023)

Commercial Bank (P.S.Q.C.) (DSM:CBQK) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق1.08b (down 12% from 2Q 2023).
• Net income: ر.ق769.3m (flat on 2Q 2023).
• Profit margin: 71% (up from 64% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.20 (down from ر.ق0.20 in 2Q 2023).

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

Commercial Bank (P.S.Q.C.) Earnings Insights

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Qatar are expected to remain flat.

Performance of the Qatari Banks industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Commercial Bank (P.S.Q.C.) that you should be aware of.

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