Henderson Land Development Company Limited (HKG: 0012)

Henderson Land Development Company Income Statement

Financials in millions HKD. 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	29,054	27,570	25,551	23,527	25,020	24,184
Revenue Growth (YoY)	10.37%	7.90%	8.60%	-5.97%	3.46%	10.02%
Cost of Revenue	19,656	17,732	15,129	11,368	9,721	11,397
Gross Profit	9,398	9,838	10,422	12,159	15,299	12,787
Selling, General & Admin	3,702	3,631	3,737	3,219	3,034	3,253
Other Operating Expenses	-1,137	-175	-291	-481	-386	-186
Operating Expenses	2,565	3,456	3,446	2,738	2,648	3,067
Operating Income	6,833	6,382	6,976	9,421	12,651	9,720
Interest Expense	-1,767	-1,928	-800	-236	-974	-54
Interest & Investment Income	633	679	204	109	354	635
Earnings From Equity Investments	4,637	5,557	4,618	3,820	3,160	5,821
Currency Exchange Gain (Loss)	-124	-45	54	85	-100	-25
Other Non Operating Income (Expenses)	-156	-154	-131	-105	-91	-138
EBT Excluding Unusual Items	10,056	10,491	10,921	13,094	15,000	15,959
Gain (Loss) on Sale of Investments	-2	1,589	-253	2,061	-366	346
Gain (Loss) on Sale of Assets	159	64	56	162	229	251
Asset Writedown	-1,737	-1,700	-12	59	-2,413	2,530
Other Unusual Items	-	-	68	2	264	-
Pretax Income	8,476	10,444	10,780	15,378	12,714	19,086
Income Tax Expense	835	666	1,277	2,018	2,431	2,037
Earnings From Continuing Operations	7,641	9,778	9,503	13,360	10,283	17,049
Minority Interest in Earnings	-1,163	-517	-264	-165	-91	-55
Net Income	6,478	9,261	9,239	13,195	10,192	16,994
Net Income to Common	6,478	9,261	9,239	13,195	10,192	16,994
Net Income Growth	-37.80%	0.24%	-29.98%	29.46%	-40.03%	-45.46%
Shares Outstanding (Basic)	4,841	4,841	4,841	4,841	4,841	4,841
Shares Outstanding (Diluted)	4,841	4,841	4,841	4,841	4,841	4,841
EPS (Basic)	1.34	1.91	1.91	2.73	2.11	3.51
EPS (Diluted)	1.34	1.91	1.91	2.73	2.11	3.51
EPS Growth	-37.80%	0.24%	-29.98%	29.46%	-40.03%	-45.46%
Free Cash Flow	16,795	14,460	11,131	685	7,072	6,744
Free Cash Flow Per Share	3.47	2.99	2.30	0.14	1.46	1.39
Dividend Per Share	1.800	1.800	1.800	1.800	1.800	1.800
Dividend Growth	0%	0%	0%	0%	0%	10.00%
Gross Margin	32.35%	35.68%	40.79%	51.68%	61.15%	52.87%
Operating Margin	23.52%	23.15%	27.30%	40.04%	50.56%	40.19%
Profit Margin	22.30%	33.59%	36.16%	56.08%	40.74%	70.27%
Free Cash Flow Margin	57.81%	52.45%	43.56%	2.91%	28.27%	27.89%
EBITDA	7,037	6,585	7,165	9,570	12,728	9,785
EBITDA Margin	24.22%	23.88%	28.04%	40.68%	50.87%	40.46%
D&A For EBITDA	204	203	189	149	77	65
EBIT	6,833	6,382	6,976	9,421	12,651	9,720
EBIT Margin	23.52%	23.15%	27.30%	40.04%	50.56%	40.19%
Effective Tax Rate	9.85%	6.38%	11.85%	13.12%	19.12%	10.67%

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