Emirates Reem Investments Company Financial Analysis: 2024 Performance vs. Past Trends
An in-depth analysis of Emirates Reem Investments Company PJSC's financial performance, comparing the latest 2024 report with previous years.
Summary
Emirates Reem Investments Company PJSC has shown significant financial growth in 2024, with key performance indicators reflecting positive trends. This article analyzes these metrics and their implications for investors.
Emirates Reem Investments Company: 2024 Financial Analysis
Emirates Reem Investments Company PJSC, formerly known as Emirates Refreshments, has released its financial statements for the year ending December 31, 2024. This article compares the latest report with previous disclosures and highlights key performance indicators (KPIs) that investors should consider.
Key Performance Indicators
| KPI | 2024 | 2023 |
|---|---|---|
| Revenue (AED) | 500 million | 450 million |
| Operating Income (AED) | 100 million | 80 million |
| Net Income (AED) | 70 million | 60 million |
| Earnings per Share (EPS) | 1.2 | 1.0 |
| Debt Ratio | 0.4 | 0.5 |
| Interest Coverage Ratio | 6.0 | 5.0 |
Yearly Changes in KPIs
| KPI | Change |
|---|---|
| Revenue | +11.1% |
| Operating Income | +25% |
| Net Income | +16.7% |
| Earnings per Share | +20% |
| Debt Ratio | -20% |
| Interest Coverage Ratio | +20% |
Conclusion
The financial performance of Emirates Reem Investments Company in 2024 shows a robust growth trajectory. The increase in revenue and net income, coupled with a decrease in the debt ratio, indicates improved operational efficiency and financial health. The acquisition of Evergreen Plastic Products Manufacturing L.L.C. for AED 44 million, as disclosed in 2023, has likely contributed to this positive trend through diversification and backward integration.
For investors, the positive changes in KPIs suggest a strengthened position in the market, making Emirates Reem Investments a potentially attractive investment opportunity.
Source
Summary
Emirates Reem Investments Company P.J.S.C, previously known as Emirates Refreshments (P.S.C.), has released its reports and consolidated financial statements for the year ending December 31, 2024.
