Hwa Fong Rubber (Thailand) PCL (BKK: HFT)

HFT Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,926	2,649	3,412	3,427	2,665	2,737
Revenue	2,926	2,649	3,412	3,427	2,665	2,737
Revenue Growth (YoY)	8.87%	-22.35%	-0.44%	28.59%	-2.63%	7.09%
Cost of Revenue	2,375	2,187	2,865	2,744	2,044	2,242
Gross Profit	551.2	462.61	546.89	682.95	621.24	495.13
Selling, General & Admin	182.2	174.91	162.09	180.69	153.04	150.33
Operating Expenses	182.2	174.91	162.09	180.69	153.04	150.33
Operating Income	369	287.71	384.8	502.27	468.21	344.8
Interest Expense	-0.8	-0.01	-0.63	-1.34	-2.51	-5.09
Interest & Investment Income	15.26	15.26	4.27	2.72	6.05	6.37
Earnings From Equity Investments	0	0	0	0	0	0
Currency Exchange Gain (Loss)	-111.29	-7.36	41.78	52.5	19.85	-13.29
Other Non Operating Income (Expenses)	31.63	9.37	15.01	4.91	3.22	3.8
EBT Excluding Unusual Items	303.79	304.96	445.22	561.05	494.83	336.59
Gain (Loss) on Sale of Investments	-15.92	-10.53	-12.72	-	-	-
Gain (Loss) on Sale of Assets	11.38	11.38	0.09	0.13	0.28	2.08
Asset Writedown	-6.75	-6.75	-	-	-	-
Pretax Income	292.49	299.05	432.59	561.18	495.1	338.67
Income Tax Expense	22.48	49.18	71.01	100.3	82.48	59.84
Net Income	270.01	249.87	361.58	460.88	412.62	278.84
Net Income to Common	270.01	249.87	361.58	460.88	412.62	278.84
Net Income Growth	47.64%	-30.89%	-21.55%	11.70%	47.98%	24.64%
Shares Outstanding (Basic)	658	658	658	658	658	658
Shares Outstanding (Diluted)	658	658	658	658	658	658
EPS (Basic)	0.41	0.38	0.55	0.70	0.63	0.42
EPS (Diluted)	0.41	0.38	0.55	0.70	0.63	0.42
EPS Growth	47.64%	-30.89%	-21.55%	11.70%	47.98%	24.64%
Free Cash Flow	368.87	400.08	681.1	-38.49	292.45	274.74
Free Cash Flow Per Share	0.56	0.61	1.03	-0.06	0.44	0.42
Dividend Per Share	0.580	0.300	0.380	0.425	0.315	0.145
Dividend Growth	52.63%	-21.05%	-10.59%	34.92%	117.24%	-3.33%
Gross Margin	18.84%	17.46%	16.03%	19.93%	23.31%	18.09%
Operating Margin	12.61%	10.86%	11.28%	14.66%	17.57%	12.60%
Profit Margin	9.23%	9.43%	10.60%	13.45%	15.48%	10.19%
Free Cash Flow Margin	12.60%	15.10%	19.96%	-1.12%	10.97%	10.04%
EBITDA	475.26	399.42	499.14	601.12	563.58	439.49
EBITDA Margin	16.24%	15.08%	14.63%	17.54%	21.15%	16.06%
D&A For EBITDA	106.26	111.71	114.34	98.86	95.37	94.68
EBIT	369	287.71	384.8	502.27	468.21	344.8
EBIT Margin	12.61%	10.86%	11.28%	14.66%	17.57%	12.60%
Effective Tax Rate	7.69%	16.44%	16.42%	17.87%	16.66%	17.67%

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