- Emaar Economic reported a second-quarter loss of 44 million riyals.
- Compared to the previous year, this loss represents an 87% improvement from a loss of 342 million riyals.
- The company’s revenue for the second quarter was 118 million riyals, marking a 55% increase year-on-year.
- Operating loss for the same period was 124 million riyals, an increase of 13% compared to last year.
- There are currently no buy, hold, or sell recommendations for Emaar Economic’s shares.
A look at Emaar Economic City Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Emaar Economic City seems to have a promising long-term outlook. The company scores highest in the Value category, indicating that it may be undervalued compared to its true worth. This suggests potential for strong returns for investors in the future. Despite a lower score in Dividend, Emaar Economic City shows moderate scores in Growth and Momentum, highlighting its potential for future expansion and positive market performance. With a relatively lower score in Resilience, the company may face some challenges in maintaining stability during market fluctuations.
Emaar Economic City, a real estate consortium, is focused on developing properties for various purposes, including infrastructure facilities. The group is involved in marketing, selling, and developing plots of land, indicating a diversified business approach within the real estate sector. With strong Value and Momentum scores, Emaar Economic City appears positioned for growth and potential profitability, although its lower scores in Dividend and Resilience may present some areas for improvement in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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