Qatar Navigation Q.P.S.C (DSM:QNNS) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق697.2m (down 2.7% from 3Q 2023).
• Net income: ر.ق289.0m (up 30% from 3Q 2023).
• Profit margin: 42% (up from 31% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.25 (up from ر.ق0.20 in 3Q 2023).

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

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

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat.

Performance of the market in Qatar.

The company’s shares are down 3.0% 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 Qatar Navigation Q.P.S.C’s balance sheet health.

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