Egyptian Transport and Commercial Services Company S.A.E. (EGX: ETRS)

ETRS Income Statement

Financials in millions EGP. 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
Revenue	619.08	414.12	400.1	293.52	216.07	246.78
Revenue Growth (YoY)	57.70%	3.50%	36.31%	35.85%	-12.45%	-11.19%
Cost of Revenue	415.16	301.1	311.96	219.75	158.99	175.88
Gross Profit	203.92	113.02	88.14	73.77	57.07	70.9
Selling, General & Admin	88.53	78.15	63.81	51.07	40.95	36.63
Other Operating Expenses	23.99	20.05	11.97	7.61	1.88	-0.87
Operating Expenses	114.59	98.19	76.34	59.66	43	35.76
Operating Income	89.33	14.83	11.81	14.11	14.08	35.14
Interest Expense	-8.63	-8.54	-7.36	-1.58	-0.19	-0.59
Interest & Investment Income	9.12	6.15	1.7	2.38	4.17	5.48
Earnings From Equity Investments	18.22	15.22	12.16	9.43	1.65	2.89
Currency Exchange Gain (Loss)	67	22.37	36.3	-0.3	-0.29	-4.33
Other Non Operating Income (Expenses)	-0.01	-	-	-	-	-
EBT Excluding Unusual Items	175.05	50.03	54.6	24.03	19.41	38.59
Impairment of Goodwill	-	-	-2.17	-	-	-
Gain (Loss) on Sale of Investments	47.81	14.75	-0.09	-	-	-
Gain (Loss) on Sale of Assets	0.21	0.31	2.2	0.7	-	0.23
Other Unusual Items	-	-	-0.01	0.01	-	-
Pretax Income	223.07	65.09	54.53	24.74	19.41	38.83
Income Tax Expense	39.31	3.13	8.41	6.47	6.35	7
Earnings From Continuing Operations	183.76	61.96	46.12	18.27	13.06	31.83
Minority Interest in Earnings	-0	-0	-0	-0	-0	-0
Net Income	183.76	61.96	46.12	18.27	13.06	31.83
Preferred Dividends & Other Adjustments	0.63	0.63	4.14	-	-	-
Net Income to Common	183.13	61.34	41.98	18.27	13.06	31.83
Net Income Growth	209.26%	34.34%	152.40%	39.90%	-58.96%	-23.85%
Shares Outstanding (Basic)	156	156	154	156	156	149
Shares Outstanding (Diluted)	156	156	154	156	156	149
Shares Change (YoY)	1.08%	1.45%	-1.43%	-	4.96%	-3.01%
EPS (Basic)	1.17	0.39	0.27	0.12	0.08	0.21
EPS (Diluted)	1.17	0.39	0.27	0.12	0.08	0.21
EPS Growth	227.74%	44.01%	133.08%	39.90%	-60.90%	-21.49%
Free Cash Flow	-6.73	9.91	20.5	-45.88	12.18	20.39
Free Cash Flow Per Share	-0.04	0.06	0.13	-0.29	0.08	0.14
Dividend Per Share	-	-	0.130	-	-	-
Gross Margin	32.94%	27.29%	22.03%	25.13%	26.42%	28.73%
Operating Margin	14.43%	3.58%	2.95%	4.81%	6.51%	14.24%
Profit Margin	29.58%	14.81%	10.49%	6.23%	6.05%	12.90%
Free Cash Flow Margin	-1.09%	2.39%	5.12%	-15.63%	5.64%	8.26%
EBITDA	103.11	26.43	23.93	22.33	20.97	41.55
EBITDA Margin	16.66%	6.38%	5.98%	7.61%	9.70%	16.84%
D&A For EBITDA	13.78	11.6	12.12	8.22	6.89	6.41
EBIT	89.33	14.83	11.81	14.11	14.08	35.14
EBIT Margin	14.43%	3.58%	2.95%	4.81%	6.51%	14.24%
Effective Tax Rate	17.62%	4.81%	15.42%	26.14%	32.71%	18.03%

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