Lumi Rental (TADAWUL:4262) Q2 2024 Results
Key financial results
- Revenue: AED 360.5 million (an increase of 55% compared to Q2 2023).
- Net profit: AED 46.0 million (7.3% lower than Q2 2023).
- Profit margin: 13% (compared to 21% in Q2 2023). The margin decline was due to higher expenses.
- Earnings per share: AED 0.84 (compared to AED 0.90 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Insights into Lumi’s rental income
Average sales growth of 8.9% per annum is expected for the next three years. In the Asian transport sector, however, growth of 4.5% is forecast.
Development of the market in Saudi Arabia.
The company’s shares fell 2.2 percent compared to the previous week.
Risk analysis
We don’t want to spoil the fun too much, but we also found 3 warning signs for Lumi Rental (2 doesn’t suit us so well!) that you need to consider.
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