Precision Air Services Plc (DAR:PAL)

Precision Air Services Income Statement

Financials in millions TZS. Fiscal year is July - June.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	62,499	134,683	117,667	71,153	56,878
Revenue Growth (YoY)	-53.60%	14.46%	65.37%	25.10%	-54.31%
Cost of Revenue	62,015	120,953	111,715	77,476	72,450
Gross Profit	484.64	13,729	5,952	-6,324	-15,572
Selling, General & Admin	10,307	17,750	4,047	19,290	14,094
Other Operating Expenses	-854.82	-1,291	-1,172	-522.18	-595.98
Operating Expenses	9,453	16,636	2,626	18,768	13,544
Operating Income	-8,968	-2,907	3,326	-25,092	-29,116
Interest Expense	-23,641	-18,883	-18,375	-17,394	-14,169
Currency Exchange Gain (Loss)	-	-35,591	-1,347	-841.98	-1,810
EBT Excluding Unusual Items	-32,609	-57,381	-16,395	-43,328	-45,095
Gain (Loss) on Sale of Assets	-	-	580.42	16.5	8
Asset Writedown	-	-	21,729	-	-
Pretax Income	-32,609	-57,381	5,915	-43,312	-45,087
Earnings From Continuing Operations	-32,609	-57,381	5,915	-43,312	-45,087
Minority Interest in Earnings	-	-	1.82	0.15	0.15
Net Income	-32,609	-57,381	5,916	-43,312	-45,087
Net Income to Common	-32,609	-57,381	5,916	-43,312	-45,087
Shares Outstanding (Basic)	160	160	160	160	160
Shares Outstanding (Diluted)	160	160	160	160	160
EPS (Basic)	-203.20	-357.58	36.87	-269.90	-280.96
EPS (Diluted)	-203.20	-357.58	36.87	-269.90	-280.96
Free Cash Flow	-1,526	5,625	11,982	-174.11	2,965
Free Cash Flow Per Share	-9.51	35.05	74.67	-1.08	18.48
Gross Margin	0.78%	10.19%	5.06%	-8.89%	-27.38%
Operating Margin	-14.35%	-2.16%	2.83%	-35.27%	-51.19%
Profit Margin	-52.17%	-42.60%	5.03%	-60.87%	-79.27%
Free Cash Flow Margin	-2.44%	4.18%	10.18%	-0.24%	5.21%
EBITDA	-1,189	15,398	27,710	30.62	-899.82
EBITDA Margin	-1.90%	11.43%	23.55%	0.04%	-1.58%
D&A For EBITDA	7,779	18,305	24,383	25,122	28,216
EBIT	-8,968	-2,907	3,326	-25,092	-29,116
EBIT Margin	-14.35%	-2.16%	2.83%	-35.27%	-51.19%
Advertising Expenses	-	1,768	1,611	1,107	1,113

Updated Jan 15, 2020. Source: S&P Global Market Intelligence. Standard template. Financial Sources.