United Co. for Housing & Development - S.A.E. (EGX: UNIT)

UNIT 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	537.79	401.86	264.23	133.29	185.96	147.77
Revenue Growth (YoY)	126.74%	52.09%	98.24%	-28.32%	25.84%	-10.50%
Cost of Revenue	198.69	117.29	100.54	32.4	59.42	34.24
Gross Profit	339.1	284.57	163.69	100.89	126.54	113.53
Selling, General & Admin	66.64	58.05	47.12	29.95	27.08	29.1
Other Operating Expenses	-2.68	-2.39	-1.9	-1.54	-1.58	-19.42
Operating Expenses	63.97	52.7	46.64	30.86	25.97	14.42
Operating Income	275.14	231.87	117.05	70.03	100.57	99.11
Interest Expense	-136.29	-93.7	-7.24	-1.07	-0.09	-0.05
Interest & Investment Income	33.19	13.61	7.24	5.86	12.98	48.28
Earnings From Equity Investments	-2.18	-5.11	25.44	27.55	13.34	17.95
Other Non Operating Income (Expenses)	-0.2	-0.2	-20	-0.15	-	-
EBT Excluding Unusual Items	168.96	146.48	122.49	102.21	126.79	165.3
Gain (Loss) on Sale of Investments	-2.38	-3.36	2.7	-1.46	6.02	5.7
Gain (Loss) on Sale of Assets	-	-	0.25	0.19	-	0.28
Pretax Income	166.58	143.11	125.44	100.94	132.81	171.28
Income Tax Expense	37.4	32.08	27.23	20.01	27	34.8
Earnings From Continuing Operations	129.18	111.04	98.2	80.93	105.82	136.48
Minority Interest in Earnings	-0	-0	-0	0	0	-0
Net Income	129.18	111.04	98.2	80.93	105.82	136.48
Preferred Dividends & Other Adjustments	-	-	-	-	-	19.65
Net Income to Common	129.18	111.04	98.2	80.93	105.82	116.83
Net Income Growth	74.26%	13.07%	21.34%	-23.52%	-22.47%	30.15%
Shares Outstanding (Basic)	245	255	277	273	278	283
Shares Outstanding (Diluted)	245	255	277	273	278	283
Shares Change (YoY)	-9.92%	-8.17%	1.60%	-1.86%	-1.78%	-
EPS (Basic)	0.53	0.44	0.35	0.30	0.38	0.41
EPS (Diluted)	0.53	0.44	0.35	0.30	0.38	0.41
EPS Growth	93.45%	23.13%	19.43%	-22.07%	-7.78%	11.41%
Free Cash Flow	435.38	146.7	-462.38	30.15	-54.55	49.2
Free Cash Flow Per Share	1.78	0.58	-1.67	0.11	-0.20	0.17
Gross Margin	63.05%	70.81%	61.95%	75.69%	68.05%	76.83%
Operating Margin	51.16%	57.70%	44.30%	52.54%	54.08%	67.07%
Profit Margin	24.02%	27.63%	37.17%	60.72%	56.90%	79.06%
Free Cash Flow Margin	80.96%	36.50%	-174.99%	22.62%	-29.34%	33.30%
EBITDA	276.5	232.83	117.72	70.84	101.33	99.68
EBITDA Margin	51.41%	57.94%	44.55%	53.15%	54.49%	67.45%
D&A For EBITDA	1.37	0.96	0.66	0.82	0.76	0.56
EBIT	275.14	231.87	117.05	70.03	100.57	99.11
EBIT Margin	51.16%	57.70%	44.30%	52.54%	54.08%	67.07%
Effective Tax Rate	22.45%	22.41%	21.71%	19.82%	20.33%	20.32%

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