Binh Duong Water - Environment Corporation JSC (HOSE: BWE)

BWE Income Statement

Financials in millions VND. 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	Jan 1, 2023	Dec 31, 2021	Jan 1, 2021	Jan 1, 2020
Revenue	3,896,395	3,525,936	3,483,747	3,118,867	3,025,337	2,545,677
Revenue Growth (YoY)	13.23%	1.21%	11.70%	3.09%	18.84%	15.84%
Selling, General & Admin	647,067	583,937	502,155	470,267	489,059	416,451
Other Operating Expenses	2,216,773	1,962,321	2,062,680	1,804,086	1,789,259	1,510,715
Total Operating Expenses	2,863,840	2,546,258	2,564,835	2,274,353	2,278,318	1,927,166
Operating Income	1,032,555	979,678	918,912	844,514	747,019	618,511
Interest Expense	-346,382	-344,397	-170,493	-177,849	-156,276	-144,517
Interest Income	141,206	126,290	101,369	83,897	42,458	42,990
Net Interest Expense	-205,176	-218,106	-69,123	-93,951	-113,818	-101,527
Income (Loss) on Equity Investments	43,989	43,376	18,154	8,022	16,283	16,367
Currency Exchange Gain (Loss)	-118,759	-50,115	-56,671	26,328	-16,498	1,190
Other Non-Operating Income (Expenses)	-8,335	7,298	23,003	14,333	5,077	-10,290
EBT Excluding Unusual Items	744,274	762,131	834,273	799,246	638,063	524,250
Gain (Loss) on Sale of Investments	-	-	2,083	76,369	-41,827	15,986
Gain (Loss) on Sale of Assets	359.74	-229.07	1,111	-	-	-
Other Unusual Items	-	-	700	-11,948	-	-270.66
Pretax Income	744,633	761,902	838,168	863,667	596,236	539,965
Income Tax Expense	80,297	79,921	91,608	108,524	60,806	63,720
Earnings From Continuing Ops.	664,336	681,982	746,560	755,142	535,430	476,245
Minority Interest in Earnings	-19,644	-7,520	-3,717	-6,586	-46.28	20.24
Net Income	644,692	674,461	742,842	748,556	535,384	476,265
Preferred Dividends & Other Adjustments	109,598	114,658	126,283	127,255	107,077	95,253
Net Income to Common	535,095	559,803	616,559	621,302	428,307	381,012
Net Income Growth	-7.17%	-9.21%	-0.76%	39.82%	12.41%	46.58%
Shares Outstanding (Basic)	220	220	220	218	178	171
Shares Outstanding (Diluted)	220	220	220	218	178	171
Shares Change (YoY)	5.38%	-	1.04%	22.51%	3.90%	-
EPS (Basic)	2433.04	2545.38	2803.45	2854.31	2410.61	2228.14
EPS (Diluted)	2433.04	2545.38	2803.45	2854.31	2410.61	2228.14
EPS Growth	-6.48%	-9.21%	-1.78%	18.41%	8.19%	46.58%
Free Cash Flow	-14,490	114,130	477,984	122,084	-586,188	-204,827
Free Cash Flow Per Share	-65.88	518.94	2173.36	560.86	-3299.20	-1197.82
Dividend Per Share	1228.070	1228.070	1140.351	1052.632	1052.632	877.193
Dividend Growth	7.69%	7.69%	8.33%	0%	20.00%	42.86%
Profit Margin	13.73%	15.88%	17.70%	19.92%	14.16%	14.97%
Free Cash Flow Margin	-0.37%	3.24%	13.72%	3.91%	-19.38%	-8.05%
EBITDA	1,638,609	1,524,947	1,398,168	1,328,310	1,213,057	1,048,826
EBITDA Margin	42.05%	43.25%	40.13%	42.59%	40.10%	41.20%
D&A For EBITDA	606,054	545,269	479,256	483,796	466,038	430,315
EBIT	1,032,555	979,678	918,912	844,514	747,019	618,511
EBIT Margin	26.50%	27.78%	26.38%	27.08%	24.69%	24.30%
Effective Tax Rate	10.78%	10.49%	10.93%	12.57%	10.20%	11.80%
Revenue as Reported	3,896,395	3,525,936	3,483,747	3,118,867	3,025,337	2,545,677

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