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TECOM Group PJSC (DFM:TECOM) Retained Earnings : د.إ5,044 Mil (As of Mar. 2024)


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What is TECOM Group PJSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TECOM Group PJSC's retained earnings for the quarter that ended in Mar. 2024 was د.إ5,044 Mil.

TECOM Group PJSC's quarterly retained earnings increased from Sep. 2023 (د.إ4,863 Mil) to Dec. 2023 (د.إ5,152 Mil) but then declined from Dec. 2023 (د.إ5,152 Mil) to Mar. 2024 (د.إ5,044 Mil).

TECOM Group PJSC's annual retained earnings declined from Dec. 2021 (د.إ5,434 Mil) to Dec. 2022 (د.إ4,695 Mil) but then increased from Dec. 2022 (د.إ4,695 Mil) to Dec. 2023 (د.إ5,152 Mil).


TECOM Group PJSC Retained Earnings Historical Data

The historical data trend for TECOM Group PJSC's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TECOM Group PJSC Retained Earnings Chart

TECOM Group PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
6,053.15 6,105.04 5,434.00 4,695.42 5,151.60

TECOM Group PJSC Quarterly Data
Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,750.55 4,979.92 4,862.96 5,151.60 5,044.13

TECOM Group PJSC Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


TECOM Group PJSC  (DFM:TECOM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


TECOM Group PJSC (DFM:TECOM) Business Description

Traded in Other Exchanges
N/A
Address
Commercial Building No. 1, Dubai Studio City , P.O. Box 66000, Dubai, ARE
TECOM Group PJSC is a central player in Dubai's business hub proposition and is strongly positioned to benefit from the commercial real estate market and the sustained growth of its broader economy. It offers a range of properties and services to customers. The company divides its operations into four financial segments namely commercial leasing, industrial leasing, land leasing and services, and others.

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