Qatar Islamic Bank (Q.P.S.C.) Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Qatar Islamic Bank (Q.P.S.C.) (DSM:QIBK) Full Year 2024 Results

Key Financial Results

• Revenue: ر.ق11.3b (up 13% from FY 2023).
• Net income: ر.ق4.61b (up 13% from FY 2023).
• Profit margin: 41% (in line with FY 2023).
• EPS: ر.ق1.86 (up from ر.ق1.73 in FY 2023).

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

Qatar Islamic Bank (Q.P.S.C.) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 3.0%.

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Banks industry in Qatar are expected to grow by 3.4%.

Performance of the Qatari Banks industry.

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

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Qatar Islamic Bank (Q.P.S.C.) that we have uncovered.

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