Estithmar Holding Q.P.S.C Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Estithmar Holding Q.P.S.C (DSM:IGRD) Full Year 2023 Results

Key Financial Results

• Revenue: ر.ق2.92b (down 31% from FY 2022).
• Net income: ر.ق347.8m (up 2.8% from FY 2022).
• Profit margin: 12% (up from 8.0% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.10.

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

Estithmar Holding Q.P.S.C EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 70%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia.

Performance of the market in Qatar.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Estithmar Holding Q.P.S.C's balance sheet.

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