Primo Service Solutions PCL (BKK: PRI)

PRI 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	1,857	1,913	913.48	485.56	265.43	250.89
Other Revenue	3.71	3.05	1.13	4.01	1.09	1.2
Revenue	1,861	1,916	914.61	489.56	266.51	252.09
Revenue Growth (YoY)	34.16%	109.48%	86.82%	83.69%	5.72%	34.09%
Cost of Revenue	1,253	1,322	519.8	288.24	157.49	151.15
Gross Profit	608.15	593.94	394.8	201.33	109.02	100.94
Selling, General & Admin	178.25	138.5	87.42	54.14	52.54	58.61
Operating Expenses	178.25	138.5	87.42	54.14	52.54	58.61
Operating Income	429.9	455.44	307.39	147.18	56.48	42.33
Interest Expense	-9.42	-4.9	-0.42	-0.51	-0.53	-0.03
Interest & Investment Income	11.65	11.78	0.3	0.03	0.12	0.25
EBT Excluding Unusual Items	432.13	462.32	307.27	146.7	56.07	42.56
Gain (Loss) on Sale of Assets	-	-	-	-	-	3.53
Pretax Income	430.89	462.32	307.27	146.7	56.07	46.09
Income Tax Expense	89.28	93.92	67.15	35.45	16.03	11.57
Earnings From Continuing Operations	341.61	368.39	240.12	111.25	40.05	34.52
Minority Interest in Earnings	-6.64	-3.15	-	-	-	0.68
Net Income	334.97	365.24	240.12	111.25	40.05	35.2
Net Income to Common	334.97	365.24	240.12	111.25	40.05	35.2
Net Income Growth	3.59%	52.11%	115.84%	177.79%	13.77%	123.61%
Shares Outstanding (Basic)	318	320	166	107	107	107
Shares Outstanding (Diluted)	318	320	166	107	107	107
Shares Change (YoY)	16.86%	93.05%	54.91%	-	-	-0.08%
EPS (Basic)	1.05	1.14	1.45	1.04	0.37	0.33
EPS (Diluted)	1.05	1.14	1.45	1.04	0.37	0.33
EPS Growth	-11.35%	-21.21%	39.33%	177.79%	13.77%	123.79%
Free Cash Flow	146.39	121.99	119.33	62.74	58.91	19.72
Free Cash Flow Per Share	0.46	0.38	0.72	0.59	0.55	0.18
Dividend Per Share	1.031	1.425	-	0.178	0.579	-
Dividend Growth	161.75%	-	-	-69.29%	-	-
Gross Margin	32.68%	31.00%	43.17%	41.12%	40.91%	40.04%
Operating Margin	23.10%	23.77%	33.61%	30.06%	21.19%	16.79%
Profit Margin	18.00%	19.06%	26.25%	22.72%	15.03%	13.96%
Free Cash Flow Margin	7.87%	6.37%	13.05%	12.81%	22.10%	7.82%
EBITDA	466.75	478.64	310.78	149.04	58.18	43.99
EBITDA Margin	25.08%	24.98%	33.98%	30.44%	21.83%	17.45%
D&A For EBITDA	36.85	23.21	3.39	1.86	1.69	1.65
EBIT	429.9	455.44	307.39	147.18	56.48	42.33
EBIT Margin	23.10%	23.77%	33.61%	30.06%	21.19%	16.79%
Effective Tax Rate	20.72%	20.32%	21.85%	24.17%	28.58%	25.11%
Revenue as Reported	1,861	1,916	914.61	489.56	266.51	255.87
Advertising Expenses	-	22.64	3.72	2.67	3.11	2.24

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