Dukhan Bank Q.P.S.C Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

October 16, 2024

Dukhan Bank Q.P.S.C (DSM:DUBK) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.ق1.61b (up 7.1% from 3Q 2023).
Net income: ر.ق357.3m (up 8.7% from 3Q 2023).
Profit margin: 22% (in line with 3Q 2023).
EPS: ر.ق0.065 (up from ر.ق0.063 in 3Q 2023).

earnings-and-revenue-growth — DSM:DUBK Earnings and Revenue Growth October 16th 2024

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

Dukhan Bank Q.P.S.C Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 129%. Earnings per share (EPS) missed analyst estimates by 8.5%.

Looking ahead, revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Banks industry in Qatar are expected to grow by 1.6%.

Performance of the Qatari Banks industry.

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

Risk Analysis

It is worth noting though that we have found 1 warning sign for Dukhan Bank Q.P.S.C that you need to take into consideration.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.