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Doman Group Reports Decreased Earnings in Q2 2024

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Doman Group Reports Decreased Earnings in Q2 2024

Doman Building Materials Group (TSE:DBM) has released an update.

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Doman Building Materials Group Ltd. reported a decrease in Q2 2024 earnings with revenues of $689.8 million, a 2.9% drop from the previous year, attributed to a slowdown in the construction materials market. Despite the challenging conditions, the company declared a $0.14 per share dividend. Net earnings were down to $17.0 million compared to $29.2 million in the same quarter of last year.

For further insights into TSE:DBM stock, check out TipRanks’ Stock Analysis page.

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