Turism, Hoteluri, Restaurante Marea Neagra S.A. (BVB: EFO)

EFO Income Statement

Financials in millions RON. 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	24.33	27.24	35.43	43.01	21.32	46.18
Other Revenue	0.46	0.17	9.95	2.47	1.78	2.85
Revenue	24.79	27.42	45.38	45.48	23.1	49.03
Revenue Growth (YoY)	-53.09%	-39.58%	-0.22%	96.89%	-52.88%	4.43%
Cost of Revenue	5.14	7.05	30.78	28.58	19.43	29.55
Gross Profit	19.65	20.37	14.6	16.91	3.67	19.48
Selling, General & Admin	3.94	4.01	13.22	6.87	2.96	6.75
Other Operating Expenses	0.73	1.7	3.8	8.31	2.67	1.7
Operating Expenses	6.95	8.47	26.75	29.33	11.53	18.06
Operating Income	12.71	11.9	-12.15	-12.42	-7.86	1.42
Interest Expense	-0.35	-0.38	-0.5	-0.22	-0	-0.01
Interest & Investment Income	0.7	0.66	0.26	3.01	0.88	0.82
Other Non Operating Income (Expenses)	-0	-0	0.2	-	-0	-
EBT Excluding Unusual Items	13.06	12.18	-12.19	-9.62	-6.99	2.22
Gain (Loss) on Sale of Investments	15.97	16.35	23.73	70.49	-	-
Gain (Loss) on Sale of Assets	7.37	12.63	-0.08	0.18	13.6	5.25
Asset Writedown	-4.48	-4.48	-16.42	-	-	-
Pretax Income	31.92	36.68	-4.96	61.05	6.61	7.47
Income Tax Expense	-1.11	-0.64	1.5	10.32	2.16	2.27
Net Income	33.03	37.32	-6.46	50.72	4.45	5.2
Preferred Dividends & Other Adjustments	2.77	2.77	-	-0.41	-	-
Net Income to Common	30.26	34.55	-6.46	51.13	4.45	5.2
Net Income Growth	60.67%	-	-	1040.25%	-14.47%	-44.68%
Shares Outstanding (Basic)	277	326	576	576	579	579
Shares Outstanding (Diluted)	277	326	576	576	579	579
Shares Change (YoY)	-51.95%	-43.48%	-	-0.51%	-	-
EPS (Basic)	0.11	0.11	-0.01	0.09	0.01	0.01
EPS (Diluted)	0.11	0.11	-0.01	0.09	0.01	0.01
EPS Growth	206.30%	-	-	1055.47%	-14.48%	-44.55%
Free Cash Flow	-1.1	9.6	-0.35	0.32	-10.45	-0.27
Free Cash Flow Per Share	-0.00	0.03	-0.00	0.00	-0.02	-0.00
Dividend Per Share	-	-	0.022	-	0.007	0.005
Dividend Growth	-	-	-	-	27.27%	-35.14%
Gross Margin	79.28%	74.30%	32.17%	37.17%	15.88%	39.73%
Operating Margin	51.26%	43.41%	-26.77%	-27.30%	-34.04%	2.89%
Profit Margin	122.06%	126.01%	-14.24%	112.41%	19.25%	10.61%
Free Cash Flow Margin	-4.42%	35.02%	-0.78%	0.70%	-45.21%	-0.56%
EBITDA	14.99	14.67	-2.41	1.66	-1.96	9.88
EBITDA Margin	60.45%	53.50%	-5.32%	3.65%	-8.48%	20.15%
D&A For EBITDA	2.28	2.77	9.73	14.08	5.9	8.46
EBIT	12.71	11.9	-12.15	-12.42	-7.86	1.42
EBIT Margin	51.26%	43.41%	-26.77%	-27.30%	-34.04%	2.89%
Effective Tax Rate	-	-	-	16.91%	32.69%	30.42%
Revenue as Reported	56.17	68.31	69.58	117.05	42.25	59.38
Advertising Expenses	-	0.03	0.72	0.33	0.03	-

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