Kerry Logistics Network Limited (HKG: 0636)

Kerry Logistics Network 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	49,643	47,408	82,330	78,955	49,617	41,139
Revenue Growth (YoY)	-28.99%	-42.42%	4.27%	59.13%	20.61%	7.87%
Cost of Revenue	44,657	42,506	73,555	69,951	44,988	35,737
Gross Profit	4,986	4,901	8,774	9,004	4,630	5,403
Selling, General & Admin	2,667	2,710	3,200	3,627	2,634	2,842
Operating Expenses	2,667	2,710	3,200	3,627	2,634	2,842
Operating Income	2,319	2,191	5,575	5,377	1,996	2,561
Interest Expense	-597.22	-576.72	-370.57	-250.76	-250.62	-358.17
Interest & Investment Income	73.23	70.03	62.38	48.96	52.53	74.98
Earnings From Equity Investments	166.46	195.37	166.89	157.96	118.84	85.53
EBT Excluding Unusual Items	1,961	1,880	5,433	5,333	1,916	2,363
Impairment of Goodwill	-	-	-	-130	-	-41.85
Gain (Loss) on Sale of Investments	-13.01	-12.9	429.94	54.47	-1.31	46.67
Gain (Loss) on Sale of Assets	0.61	2.36	31.8	7.77	60.2	2,078
Asset Writedown	5.98	10.5	9.32	298.85	7.45	482.87
Other Unusual Items	9.79	13.7	37.78	-	118	-
Pretax Income	1,964	1,894	5,942	5,564	2,101	4,928
Income Tax Expense	498.76	464.12	1,425	1,299	593	588.95
Earnings From Continuing Operations	1,466	1,430	4,518	4,265	1,508	4,339
Earnings From Discontinued Operations	-388.14	-836.67	-697.54	4,630	1,962	-
Net Income to Company	1,078	593.02	3,820	8,895	3,470	4,339
Minority Interest in Earnings	189.96	198.15	-240.83	-956.28	-573.76	-551.08
Net Income	1,268	791.17	3,579	7,939	2,896	3,788
Preferred Dividends & Other Adjustments	25.74	12.87	-	-	-	-
Net Income to Common	1,242	778.3	3,579	7,939	2,896	3,788
Net Income Growth	-50.77%	-77.90%	-54.91%	174.15%	-23.56%	55.27%
Shares Outstanding (Basic)	1,805	1,806	1,807	1,803	1,775	1,712
Shares Outstanding (Diluted)	1,856	1,835	1,808	1,806	1,779	1,716
Shares Change (YoY)	2.65%	1.53%	0.09%	1.51%	3.65%	0.82%
EPS (Basic)	0.69	0.43	1.98	4.40	1.63	2.21
EPS (Diluted)	0.46	0.21	1.80	4.39	1.63	2.21
EPS Growth	-63.02%	-88.34%	-58.94%	169.93%	-26.35%	54.55%
Free Cash Flow	2,114	2,185	3,771	4,136	3,060	1,522
Free Cash Flow Per Share	1.14	1.19	2.09	2.29	1.72	0.89
Dividend Per Share	0.230	0.220	0.660	0.711	0.348	0.270
Dividend Growth	-59.29%	-66.67%	-7.17%	104.31%	28.89%	8.00%
Gross Margin	10.04%	10.34%	10.66%	11.40%	9.33%	13.13%
Operating Margin	4.67%	4.62%	6.77%	6.81%	4.02%	6.22%
Profit Margin	2.50%	1.64%	4.35%	10.05%	5.84%	9.21%
Free Cash Flow Margin	4.26%	4.61%	4.58%	5.24%	6.17%	3.70%
EBITDA	3,229	3,125	6,518	6,407	3,028	3,516
EBITDA Margin	6.50%	6.59%	7.92%	8.11%	6.10%	8.55%
D&A For EBITDA	910.02	933.67	943.54	1,030	1,032	955.7
EBIT	2,319	2,191	5,575	5,377	1,996	2,561
EBIT Margin	4.67%	4.62%	6.77%	6.81%	4.02%	6.22%
Effective Tax Rate	25.39%	24.51%	23.98%	23.35%	28.23%	11.95%

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