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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,826	2,649	3,412	3,427	2,665	2,737
Revenue	2,826	2,649	3,412	3,427	2,665	2,737
Revenue Growth (YoY)	0.19%	-22.35%	-0.44%	28.59%	-2.63%	7.09%
Cost of Revenue	2,264	2,187	2,865	2,744	2,044	2,242
Gross Profit	561.49	462.61	546.89	682.95	621.24	495.13
Selling, General & Admin	177.46	174.91	162.09	180.69	153.04	150.33
Operating Expenses	177.46	174.91	162.09	180.69	153.04	150.33
Operating Income	384.03	287.71	384.8	502.27	468.21	344.8
Interest Expense	-0.18	-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)	50.9	-7.36	41.78	52.5	19.85	-13.29
Other Non Operating Income (Expenses)	24.67	9.37	15.01	4.91	3.22	3.8
EBT Excluding Unusual Items	474.67	304.96	445.22	561.05	494.83	336.59
Gain (Loss) on Sale of Investments	-22.25	-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	457.05	299.05	432.59	561.18	495.1	338.67
Income Tax Expense	45.33	49.18	71.01	100.3	82.48	59.84
Net Income	411.72	249.87	361.58	460.88	412.62	278.84
Net Income to Common	411.72	249.87	361.58	460.88	412.62	278.84
Net Income Growth	67.99%	-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)	0.63	0.38	0.55	0.70	0.63	0.42
EPS (Diluted)	0.63	0.38	0.55	0.70	0.63	0.42
EPS Growth	67.99%	-30.89%	-21.55%	11.70%	47.98%	24.64%
Free Cash Flow	380.19	400.08	681.1	-38.49	292.45	274.74
Free Cash Flow Per Share	0.58	0.61	1.03	-0.06	0.44	0.42
Dividend Per Share	0.300	0.300	0.380	0.425	0.315	0.145
Dividend Growth	-21.05%	-21.05%	-10.59%	34.92%	117.24%	-3.33%
Gross Margin	19.87%	17.46%	16.03%	19.93%	23.31%	18.09%
Operating Margin	13.59%	10.86%	11.28%	14.66%	17.57%	12.60%
Profit Margin	14.57%	9.43%	10.60%	13.45%	15.48%	10.19%
Free Cash Flow Margin	13.45%	15.10%	19.96%	-1.12%	10.97%	10.04%
EBITDA	492.75	399.42	499.14	601.12	563.58	439.49
EBITDA Margin	17.44%	15.08%	14.63%	17.54%	21.15%	16.06%
D&A For EBITDA	108.72	111.71	114.34	98.86	95.37	94.68
EBIT	384.03	287.71	384.8	502.27	468.21	344.8
EBIT Margin	13.59%	10.86%	11.28%	14.66%	17.57%	12.60%
Effective Tax Rate	9.92%	16.44%	16.42%	17.87%	16.66%	17.67%

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