First Q3 2022 results for Abu Dhabi Bank PJSC (ADX:FAB).
Main financial results
- Revenue: 4.80 billion د.إ (down 14% from Q3 2021).
- Net income: د.إ2.79 billion (down 26% from Q3 2021).
- Profit margin: 58% (down from 67% in Q3 2021).
- The decrease in margin was primarily due to the decrease in turnover.
- Earnings per share: د.إ 0.25 (decrease د.إ 0.34 in Q3 2021).
All figures shown in the chart above are for a 12-month (TTM) period
First earnings data for Abu Dhabi Bank PJSC
Going forward, revenue is projected to grow at an average of 9.6% per annum over the next 3 years, compared to 9.1% growth for UAE banks.
Performance Industry of Emirate banks.
The company’s share is 3.4% lower than a week ago.
Balance sheet analysis
While income is important, another area to consider is the balance sheet. We have a graphical presentation of First Abu Dhabi Bank PJSC’s balance sheet and an in-depth analysis of the company’s financial position.
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