Bank AlJazira Third Quarter 2024 Earnings: EPS: ر.س0.32 (vs ر.س0.27 in 3Q 2023)

Bank AlJazira (TADAWUL:1020) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س934.0m (up 16% from 3Q 2023).
• Net income: ر.س333.0m (up 21% from 3Q 2023).
• Profit margin: 36% (up from 34% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.32 (up from ر.س0.27 in 3Q 2023).

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

Bank AlJazira Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia.

Performance of the Saudi Banks industry.

The company's shares are up 1.4% 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 Bank AlJazira's balance sheet.

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