Emirates Telecommunications Group Company PJSC First Quarter 2024 Earnings: Beats Expectations
Emirates Telecommunications Group Company PJSC (ADX:EAND) First Quarter 2024 Results
Key Financial Results
- Revenue: د.إ14.2b (up 9.3% from 1Q 2023).
- Net income: د.إ2.33b (up 6.5% from 1Q 2023).
- Profit margin: 16% (in line with 1Q 2023).
- EPS: د.إ0.27 (up from د.إ0.25 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emirates Telecommunications Group Company PJSC Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia.
Performance of the market in United Arab Emirates.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 1 warning sign for Emirates Telecommunications Group Company PJSC you should know about.
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