Industries Qatar Q.P.S.C Third Quarter 2024 Earnings: Beats Expectations

Industries Qatar Q.P.S.C (DSM:IQCD) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق3.61b (up 27% from 3Q 2023).
• Net income: ر.ق1.19b (up 12% from 3Q 2023).
• Profit margin: 33% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.ق0.20 (up from ر.ق0.17 in 3Q 2023).

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

Industries Qatar Q.P.S.C Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Industrials industry in Asia.

Performance of the market in Qatar.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Industries Qatar Q.P.S.C.

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