PAX Global Technology Limited (HKG:0327)

PAX Global Technology 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	6,154	6,709	8,063	7,196	5,651	4,926
Revenue Growth (YoY)	-17.38%	-16.79%	12.04%	27.35%	14.72%	11.56%
Cost of Revenue	3,322	3,715	4,757	4,369	3,313	2,981
Gross Profit	2,832	2,994	3,306	2,827	2,337	1,945
Selling, General & Admin	1,834	1,846	1,943	1,674	1,281	1,191
Other Operating Expenses	-62.75	-58.39	-36.33	-58.28	-38.98	-51.27
Operating Expenses	1,779	1,789	1,903	1,638	1,307	1,139
Operating Income	1,053	1,205	1,403	1,189	1,030	805.38
Interest Expense	-5.86	-5.38	-5.65	-6.66	-7.46	-4.16
Interest & Investment Income	33.15	36.73	28.58	38.04	38.86	27.78
Earnings From Equity Investments	7.13	4.97	7.42	3.45	-6.05	-1.8
Other Non Operating Income (Expenses)	-	-	-	-0.32	-0.83	-1
EBT Excluding Unusual Items	1,087	1,241	1,433	1,224	1,055	826.21
Impairment of Goodwill	-	-	-	-	-	-18.39
Gain (Loss) on Sale of Investments	0.6	-2.97	-2.18	50.46	-5.24	-53.14
Gain (Loss) on Sale of Assets	15.59	15.59	-	-	3.13	-
Pretax Income	1,104	1,254	1,431	1,274	1,053	754.67
Income Tax Expense	138.35	88.86	162.91	182.21	148.99	129.81
Earnings From Continuing Operations	965.25	1,165	1,268	1,092	903.85	624.86
Minority Interest in Earnings	-6.15	-9.94	-3.53	-8.47	-3.73	-0.99
Net Income	959.1	1,155	1,265	1,084	900.12	623.87
Net Income to Common	959.1	1,155	1,265	1,084	900.12	623.87
Net Income Growth	-21.10%	-8.66%	16.69%	20.40%	44.28%	19.41%
Shares Outstanding (Basic)	1,071	1,075	1,081	1,096	1,087	1,100
Shares Outstanding (Diluted)	1,093	1,099	1,108	1,132	1,093	1,100
Shares Change (YoY)	-1.24%	-0.78%	-2.15%	3.58%	-0.64%	-
EPS (Basic)	0.90	1.07	1.17	0.99	0.83	0.57
EPS (Diluted)	0.88	1.05	1.14	0.96	0.82	0.57
EPS Growth	-20.17%	-7.89%	19.23%	16.28%	45.15%	19.40%
Free Cash Flow	603.24	277.02	317.92	2.79	674.89	1,179
Free Cash Flow Per Share	0.55	0.25	0.29	0.00	0.62	1.07
Dividend Per Share	0.470	0.440	0.360	0.270	0.170	0.100
Dividend Growth	17.50%	22.22%	33.33%	58.82%	70.00%	25.00%
Gross Margin	46.02%	44.62%	41.01%	39.29%	41.36%	39.48%
Operating Margin	17.11%	17.96%	17.40%	16.53%	18.24%	16.35%
Profit Margin	15.59%	17.22%	15.69%	15.06%	15.93%	12.67%
Free Cash Flow Margin	9.80%	4.13%	3.94%	0.04%	11.94%	23.93%
EBITDA	1,103	1,237	1,426	1,214	1,051	824.54
EBITDA Margin	17.92%	18.43%	17.69%	16.87%	18.60%	16.74%
D&A For EBITDA	50.02	31.5	23.43	24.52	20.78	19.16
EBIT	1,053	1,205	1,403	1,189	1,030	805.38
EBIT Margin	17.11%	17.96%	17.40%	16.53%	18.24%	16.35%
Effective Tax Rate	12.54%	7.09%	11.38%	14.30%	14.15%	17.20%

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