Qatar International Islamic Bank (Q.P.S.C) Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Qatar International Islamic Bank (Q.P.S.C) (DSM:QIIK) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق977.5m (up 12% from 3Q 2023).
• Net income: ر.ق385.3m (up 6.5% from 3Q 2023).
• Profit margin: 39% (down from 41% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.ق0.25 (up from ر.ق0.24 in 3Q 2023).

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

Qatar International Islamic Bank (Q.P.S.C) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 2.0%.

Looking ahead, revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Qatar are expected to grow by 1.9%.

Performance of the Qatari Banks industry.

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

Risk Analysis

We should say that we've discovered 1 warning sign for Qatar International Islamic Bank (Q.P.S.C) that you should be aware of before investing here.

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