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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	551.74	401.86	264.23	133.29	185.96	147.77
Revenue Growth (YoY)	95.26%	52.09%	98.24%	-28.32%	25.84%	-10.50%
Cost of Revenue	197.4	117.29	100.54	32.4	59.42	34.24
Gross Profit	354.34	284.57	163.69	100.89	126.54	113.53
Selling, General & Admin	65.94	58.05	47.12	29.95	27.08	29.1
Other Operating Expenses	-2.77	-2.39	-1.9	-1.54	-1.58	-19.42
Operating Expenses	65.86	52.7	46.64	30.86	25.97	14.42
Operating Income	288.48	231.87	117.05	70.03	100.57	99.11
Interest Expense	-168.77	-93.7	-7.24	-1.07	-0.09	-0.05
Interest & Investment Income	50.02	13.61	7.24	5.86	12.98	48.28
Earnings From Equity Investments	-7.88	-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	160.8	146.48	122.49	102.21	126.79	165.3
Gain (Loss) on Sale of Investments	-2.41	-3.36	2.7	-1.46	6.02	5.7
Gain (Loss) on Sale of Assets	0.01	-	0.25	0.19	-	0.28
Pretax Income	158.4	143.11	125.44	100.94	132.81	171.28
Income Tax Expense	38.31	32.08	27.23	20.01	27	34.8
Earnings From Continuing Operations	120.09	111.04	98.2	80.93	105.82	136.48
Minority Interest in Earnings	-0	-0	-0	0	0	-0
Net Income	120.09	111.04	98.2	80.93	105.82	136.48
Preferred Dividends & Other Adjustments	-	-	-	-	-	19.65
Net Income to Common	120.09	111.04	98.2	80.93	105.82	116.83
Net Income Growth	12.44%	13.07%	21.34%	-23.52%	-22.47%	30.15%
Shares Outstanding (Basic)	242	255	277	273	278	283
Shares Outstanding (Diluted)	242	255	277	273	278	283
Shares Change (YoY)	-9.85%	-8.17%	1.60%	-1.86%	-1.78%	-
EPS (Basic)	0.50	0.44	0.35	0.30	0.38	0.41
EPS (Diluted)	0.50	0.44	0.35	0.30	0.38	0.41
EPS Growth	24.72%	23.13%	19.43%	-22.07%	-7.78%	11.41%
Free Cash Flow	677.14	146.7	-462.38	30.15	-54.55	49.2
Free Cash Flow Per Share	2.80	0.58	-1.67	0.11	-0.20	0.17
Gross Margin	64.22%	70.81%	61.95%	75.69%	68.05%	76.83%
Operating Margin	52.29%	57.70%	44.30%	52.54%	54.08%	67.07%
Profit Margin	21.76%	27.63%	37.17%	60.72%	56.90%	79.06%
Free Cash Flow Margin	122.73%	36.50%	-174.99%	22.62%	-29.34%	33.30%
EBITDA	290.25	232.83	117.72	70.84	101.33	99.68
EBITDA Margin	52.61%	57.94%	44.55%	53.15%	54.49%	67.45%
D&A For EBITDA	1.77	0.96	0.66	0.82	0.76	0.56
EBIT	288.48	231.87	117.05	70.03	100.57	99.11
EBIT Margin	52.28%	57.70%	44.30%	52.54%	54.08%	67.07%
Effective Tax Rate	24.19%	22.41%	21.71%	19.82%	20.33%	20.32%

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