ADNOC Gas (ADX:ADNOCGAS) Q2 2024 Results
Key financial results
- Revenue: $4.86 billion (down 2.2% from Q2 2023).
- Net profit: $1.19 billion (down 12% from Q2 2023).
- Profit margin: 25% (compared to 27% in Q2 2023). The margin decline was mainly due to lower sales.
- Earnings per share: $0.016 (compared to $0.018 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Insights into ADNOC Gas earnings
Average sales growth of 4.8% per annum is expected for the next three years, while sales in the oil and gas industry in Asia are expected to stagnate.
Development of the market in United Arab Emirates.
The company’s shares rose 4.3% compared to the previous week.
Risk analysis
Nevertheless, we must consider the ever-present specter of investment risk. We have identified 1 warning signal with ADNOC Gas, and understanding this should be part of your investment process.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
