The Lebanese Company for the Development and Reconstruction of Beirut Central District S.A.L. (BDB:SOLA)

BDB:SOLA Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	34.22	69.46	114.85	412.2	295.4
Revenue Growth (YoY)	-50.74%	-39.52%	-72.14%	39.54%	345.99%
Cost of Revenue	5.79	29.19	50.25	191.16	116.98
Gross Profit	28.43	40.27	64.6	221.05	178.42
Selling, General & Admin	19.65	41.94	33.26	31.25	24.7
Other Operating Expenses	0.04	0.25	0.39	0.68	1.24
Operating Expenses	63.85	87.62	74.82	62.7	47.43
Operating Income	-35.43	-47.35	-10.21	158.34	130.99
Interest Expense	-	-	-	-3.49	-27.4
Interest & Investment Income	1.89	0.43	0.9	0.41	1.49
Earnings From Equity Investments	20.63	7.75	17.97	-31.88	-14.59
Currency Exchange Gain (Loss)	-14.36	29.52	-23.71	-22.04	-0.01
Other Non Operating Income (Expenses)	9.55	1.4	-1.89	-51.87	-12.22
EBT Excluding Unusual Items	-17.72	-8.25	-16.95	49.48	78.26
Gain (Loss) on Sale of Investments	-	-	10.75	-2.58	-5.17
Gain (Loss) on Sale of Assets	2.65	1.03	0.51	4.69	6.6
Asset Writedown	-	-	-	-31.9	-15.67
Other Unusual Items	-	-	3.24	-32.9	1.6
Pretax Income	-15.07	-5.1	-2.45	-13.2	65.62
Income Tax Expense	0.01	0.07	1.83	2.71	16.65
Earnings From Continuing Operations	-15.08	-5.17	-4.28	-15.91	48.97
Net Income	-15.08	-5.17	-4.28	-15.91	48.97
Net Income to Common	-15.08	-5.17	-4.28	-15.91	48.97
Shares Outstanding (Basic)	161	161	161	163	165
Shares Outstanding (Diluted)	161	161	161	163	165
Shares Change (YoY)	-0.09%	-0.02%	-1.14%	-1.16%	-
EPS (Basic)	-0.09	-0.03	-0.03	-0.10	0.30
EPS (Diluted)	-0.09	-0.03	-0.03	-0.10	0.30
Free Cash Flow	54.22	-18.52	48.26	322.74	251.39
Free Cash Flow Per Share	0.34	-0.12	0.30	1.98	1.52
Gross Margin	83.08%	57.97%	56.25%	53.63%	60.40%
Operating Margin	-103.53%	-68.16%	-8.89%	38.41%	44.34%
Profit Margin	-44.07%	-7.44%	-3.73%	-3.86%	16.58%
Free Cash Flow Margin	158.45%	-26.67%	42.02%	78.30%	85.10%
EBITDA	-18.42	-30.23	6.23	174.58	147.17
EBITDA Margin	-53.83%	-43.51%	5.42%	42.35%	49.82%
D&A For EBITDA	17.01	17.12	16.44	16.24	16.18
EBIT	-35.43	-47.35	-10.21	158.34	130.99
EBIT Margin	-103.53%	-68.16%	-8.89%	38.41%	44.34%
Effective Tax Rate	-	-	-	-	25.38%
Revenue as Reported	34.22	69.46	114.85	412.2	295.4
Advertising Expenses	0.11	0.42	0.25	0.23	0.52

Updated Jul 26, 2021. Source: S&P Global Market Intelligence. Standard template. Financial Sources.