MEEZA QSTP (Public) Second Quarter 2024 Earnings: EPS: ر.ق0.025 (vs ر.ق0.025 in 2Q 2023)

MEEZA QSTP (Public) (DSM:MEZA) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق95.2m (down 26% from 2Q 2023).
• Net income: ر.ق18.2m (down 3.2% from 2Q 2023).
• Profit margin: 19% (up from 15% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.025 (in line with 2Q 2023).

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

MEEZA QSTP (Public) Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia.

Performance of the market in Qatar.

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

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on MEEZA QSTP (Public)'s balance sheet health.

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