R.A.K. Ceramics P.J.S.C. (ADX: RAKCEC)

R.A.K. Ceramics P.J.S.C. Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,262	3,458	3,517	2,861	2,349	2,575
Revenue Growth (YoY)	-8.41%	-1.69%	22.95%	21.76%	-8.74%	-5.64%
Cost of Revenue	2,029	2,161	2,208	1,837	1,604	1,725
Gross Profit	1,234	1,297	1,310	1,023	745.99	849.44
Selling, General & Admin	880.78	917.86	978.42	731.63	601.62	616.2
Other Operating Expenses	-115.57	-115.57	-101.94	-34.91	-56.61	-51.37
Operating Expenses	796.51	839.02	902	727.57	591.73	577.83
Operating Income	437.04	457.66	407.61	295.88	154.26	271.61
Interest Expense	-115.2	-113.25	-78.08	-61.99	-78.05	-81.05
Interest & Investment Income	5.06	6.43	7.08	6.18	7.36	6.21
Earnings From Equity Investments	0.7	1.27	6.29	16.59	16.74	13.63
Currency Exchange Gain (Loss)	-6.38	-1.64	-0.6	-6.45	14.41	-6.11
Other Non Operating Income (Expenses)	-10.51	-8.24	-45.63	-9.19	-18.31	-0.25
EBT Excluding Unusual Items	310.71	342.23	296.68	241.03	96.41	204.05
Gain (Loss) on Sale of Assets	0.84	-	43.47	49.11	-	1.38
Asset Writedown	-	-	-3.83	0.56	-213.17	-
Other Unusual Items	-	-	32.37	5.51	4.4	23
Pretax Income	314.01	345.47	372.29	300.89	-111.59	231.85
Income Tax Expense	34.43	24.61	32.18	16.98	14.56	26.69
Earnings From Continuing Operations	279.58	320.86	340.11	283.92	-126.15	205.16
Net Income to Company	279.58	320.86	340.11	283.92	-126.15	205.16
Minority Interest in Earnings	-23.76	-29.91	-37.29	-37.45	-3.57	-40.78
Net Income	255.82	290.95	302.82	246.47	-129.72	164.38
Net Income to Common	255.82	290.95	302.82	246.47	-129.72	164.38
Net Income Growth	-14.17%	-3.92%	22.86%	-	-	-9.99%
Shares Outstanding (Basic)	994	994	994	994	994	994
Shares Outstanding (Diluted)	994	994	994	994	994	994
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	0.26	0.29	0.30	0.25	-0.13	0.17
EPS (Diluted)	0.26	0.29	0.30	0.25	-0.13	0.17
EPS Growth	-14.17%	-3.92%	22.86%	-	-	-9.99%
Free Cash Flow	295.25	233.12	303.34	454.09	420.65	293.41
Free Cash Flow Per Share	0.30	0.23	0.31	0.46	0.42	0.30
Dividend Per Share	0.200	0.200	0.200	0.200	0.075	0.143
Dividend Growth	0%	0%	0%	166.67%	-47.52%	5.00%
Gross Margin	37.81%	37.50%	37.23%	35.78%	31.75%	32.99%
Operating Margin	13.40%	13.24%	11.59%	10.34%	6.57%	10.55%
Profit Margin	7.84%	8.41%	8.61%	8.62%	-5.52%	6.38%
Free Cash Flow Margin	9.05%	6.74%	8.62%	15.87%	17.90%	11.40%
EBITDA	600.15	617.36	557.07	438.67	310.2	425.21
EBITDA Margin	18.40%	17.85%	15.84%	15.33%	13.20%	16.52%
D&A For EBITDA	163.11	159.7	149.46	142.79	155.94	153.6
EBIT	437.04	457.66	407.61	295.88	154.26	271.61
EBIT Margin	13.40%	13.24%	11.59%	10.34%	6.57%	10.55%
Effective Tax Rate	10.96%	7.12%	8.64%	5.64%	-	11.51%
Advertising Expenses	-	77.2	74.06	34.61	35.6	51.09

Source: S&P Capital IQ. Standard template. Financial Sources.