Doha Bank Q.P.S.C Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Doha Bank Q.P.S.C (DSM:DHBK) Full Year 2024 Results

Key Financial Results

• Revenue: ر.ق1.87b (down 5.3% from FY 2023).
• Net income: ر.ق851.0m (up 11% from FY 2023).
• Profit margin: 46% (up from 39% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.27 (up from ر.ق0.25 in FY 2023).

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

Doha Bank Q.P.S.C EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Banks industry in Qatar.

Performance of the Qatari Banks industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Doha Bank Q.P.S.C that you should be aware of before investing here.

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