Qatar National Bank (Q.P.S.C.) Full Year 2024 Earnings: In Line With Expectations

Qatar National Bank (Q.P.S.C.) (DSM:QNBK) Full Year 2024 Results

Key Financial Results

• Revenue: ر.ق32.3b (up 12% from FY 2023).
• Net income: ر.ق15.6b (up 8.4% from FY 2023).
• Profit margin: 48% (down from 50% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.ق1.69 (up from ر.ق1.56 in FY 2023).

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

Qatar National Bank (Q.P.S.C.) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in Qatar.

Performance of the Qatari Banks industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

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

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