Madinet Masr For Housing and Development (EGX: MASR)

MASR 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
Operating Revenue	10,314	8,113	5,336	2,230	3,097	2,201
Revenue	10,314	8,113	5,336	2,230	3,097	2,201
Revenue Growth (YoY)	78.83%	52.04%	139.25%	-27.98%	40.73%	-20.92%
Cost of Revenue	3,241	3,031	3,347	1,480	1,383	630.53
Gross Profit	7,073	5,082	1,989	750.68	1,714	1,570
Selling, General & Admin	2,577	1,883	762.61	394.13	410.03	356.74
Other Operating Expenses	306.37	110.08	-0.29	-73.92	31.55	-74.9
Operating Expenses	2,940	2,023	707.53	270.08	447.99	281.84
Operating Income	4,133	3,059	1,282	480.6	1,266	1,288
Interest Expense	-526.98	-445.01	-478.34	-228.88	-128.29	-85.38
Interest & Investment Income	330.79	172.89	136.44	89.75	109.38	98.45
Currency Exchange Gain (Loss)	15.51	2.05	3.73	0.38	-0.14	-0.31
Other Non Operating Income (Expenses)	-39.84	-25.64	-14.2	-7.3	-4.39	-2.33
EBT Excluding Unusual Items	3,912	2,764	929.41	334.54	1,242	1,299
Gain (Loss) on Sale of Investments	0.85	1.16	0.48	0.28	18.15	1.65
Gain (Loss) on Sale of Assets	-	-	-0.03	2.14	-8.07	-5.24
Other Unusual Items	-	-	-	-	-17.69	-
Pretax Income	3,913	2,765	929.86	336.96	1,235	1,295
Income Tax Expense	898.24	630.21	203.57	53.66	246.22	294.09
Earnings From Continuing Operations	3,015	2,135	726.29	283.29	988.39	1,001
Minority Interest in Earnings	-12.75	-6.62	10.45	-0.46	12.84	-20.1
Net Income	3,002	2,128	736.74	282.84	1,001	980.9
Preferred Dividends & Other Adjustments	393.9	277.04	125.46	40.22	116.41	105.37
Net Income to Common	2,608	1,851	611.28	242.62	884.83	875.53
Net Income Growth	176.48%	188.85%	160.48%	-71.75%	2.07%	-9.56%
Shares Outstanding (Basic)	2,135	2,135	2,041	1,753	1,702	1,708
Shares Outstanding (Diluted)	2,135	2,135	2,041	1,753	1,702	1,708
Shares Change (YoY)	-3.12%	4.60%	16.46%	2.97%	-0.34%	-
EPS (Basic)	1.22	0.87	0.30	0.14	0.52	0.51
EPS (Diluted)	1.22	0.87	0.30	0.14	0.52	0.51
EPS Growth	186.48%	189.50%	116.33%	-73.37%	1.41%	-10.65%
Free Cash Flow	2,856	1,747	1,015	-270.39	-970.33	5.48
Free Cash Flow Per Share	1.34	0.82	0.50	-0.15	-0.57	0.00
Dividend Per Share	0.200	0.200	0.147	-	0.379	0.379
Dividend Growth	35.59%	35.59%	-	-	0%	-
Gross Margin	68.58%	62.64%	37.28%	33.66%	55.33%	71.35%
Operating Margin	40.07%	37.71%	24.02%	21.55%	40.87%	58.54%
Profit Margin	25.29%	22.81%	11.46%	10.88%	28.57%	39.79%
Free Cash Flow Margin	27.69%	21.53%	19.02%	-12.12%	-31.33%	0.25%
EBITDA	4,145	3,071	1,302	503.28	1,285	1,300
EBITDA Margin	40.19%	37.85%	24.39%	22.56%	41.51%	59.06%
D&A For EBITDA	12.22	11.33	19.77	22.68	19.7	11.37
EBIT	4,133	3,059	1,282	480.6	1,266	1,288
EBIT Margin	40.07%	37.71%	24.02%	21.55%	40.87%	58.54%
Effective Tax Rate	22.95%	22.79%	21.89%	15.93%	19.94%	22.71%
Advertising Expenses	-	-	-	-	-	118.68

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