Doha Bank Q.P.S.C First Quarter 2024 Earnings: EPS: ر.ق0.07 (vs ر.ق0.067 in 1Q 2023)

Doha Bank Q.P.S.C (DSM:DHBK) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق465.4m (up 2.8% from 1Q 2023).
• Net income: ر.ق231.3m (up 11% from 1Q 2023).
• Profit margin: 50% (up from 46% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: ر.ق0.07 (up from ر.ق0.067 in 1Q 2023).

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

Doha Bank Q.P.S.C Earnings Insights

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Banks industry in Qatar.

Performance of the Qatari Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Doha Bank Q.P.S.C that you should be aware of.

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