Qatar Electricity & Water Company Q.P.S.C First Quarter 2024 Earnings: EPS: ر.ق0.29 (vs ر.ق0.35 in 1Q 2023)

Qatar Electricity & Water Company Q.P.S.C (DSM:QEWS) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق687.3m (up 7.6% from 1Q 2023).
• Net income: ر.ق318.4m (down 17% from 1Q 2023).
• Profit margin: 46% (down from 60% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.ق0.29 (down from ر.ق0.35 in 1Q 2023).

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

Qatar Electricity & Water Company Q.P.S.C Earnings Insights

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Integrated Utilities industry in Asia.

Performance of the market in Qatar.

The company's shares are down 2.9% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Qatar Electricity & Water Company Q.P.S.C could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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