Southern Seed Corporation (HOSE: SSC)

Southern Seed 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	347,538	301,972	300,268	310,442	450,502	611,486
Revenue Growth (YoY)	32.06%	0.57%	-3.28%	-31.09%	-26.33%	0.47%
Cost of Revenue	239,993	203,165	184,404	201,399	349,110	438,015
Gross Profit	107,545	98,807	115,864	109,043	101,392	173,471
Selling, General & Admin	68,712	64,322	66,093	59,506	57,827	80,130
Operating Expenses	68,712	64,322	66,093	59,506	57,827	80,130
Operating Income	38,833	34,485	49,771	49,537	43,565	93,342
Interest Expense	-1,786	-487.83	-	-	-99.02	-1,837
Interest & Investment Income	8,691	8,474	6,654	4,653	4,651	2,286
Earnings From Equity Investments	9,900	9,900	-	9,900	-	-
Currency Exchange Gain (Loss)	-23.75	16.2	1.66	1.6	5.69	-87.81
Other Non Operating Income (Expenses)	3,779	3,880	6,782	-420.79	2,815	-831.06
EBT Excluding Unusual Items	59,393	56,267	63,208	63,671	50,937	92,872
Gain (Loss) on Sale of Assets	11,454	11,454	531.36	-	-	-
Other Unusual Items	-	-	-	2,240	-	-
Pretax Income	70,847	67,721	63,740	65,911	50,937	92,872
Income Tax Expense	13,795	13,015	13,075	11,464	10,857	19,036
Earnings From Continuing Operations	57,051	54,706	50,665	54,447	40,080	73,836
Net Income	57,051	54,706	50,665	54,447	40,080	73,836
Preferred Dividends & Other Adjustments	4,564	4,377	4,053	4,356	3,206	5,907
Net Income to Common	52,487	50,330	46,612	50,091	36,874	67,929
Net Income Growth	34.69%	7.98%	-6.95%	35.84%	-45.72%	-20.16%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-	-	-	-	-0.96%	-0.87%
EPS (Basic)	3954.81	3792.24	3512.10	3774.25	2778.35	5069.44
EPS (Diluted)	3954.56	3792.00	3512.00	3774.00	2778.00	5069.00
EPS Growth	43.85%	7.97%	-6.94%	35.85%	-45.20%	-19.47%
Free Cash Flow	-19,905	43,940	20,743	53,376	46,762	38,807
Free Cash Flow Per Share	-1499.80	3310.78	1562.95	4021.75	3523.39	2896.09
Dividend Per Share	-	-	3000.000	3000.000	1500.000	2000.000
Dividend Growth	-	-	0%	100.00%	-25.00%	-50.00%
Gross Margin	30.94%	32.72%	38.59%	35.12%	22.51%	28.37%
Operating Margin	11.17%	11.42%	16.58%	15.96%	9.67%	15.26%
Profit Margin	15.10%	16.67%	15.52%	16.14%	8.19%	11.11%
Free Cash Flow Margin	-5.73%	14.55%	6.91%	17.19%	10.38%	6.35%
EBITDA	51,829	46,345	59,282	59,501	55,226	105,289
EBITDA Margin	14.91%	15.35%	19.74%	19.17%	12.26%	17.22%
D&A For EBITDA	12,996	11,861	9,511	9,964	11,662	11,947
EBIT	38,833	34,485	49,771	49,537	43,565	93,342
EBIT Margin	11.17%	11.42%	16.58%	15.96%	9.67%	15.26%
Effective Tax Rate	19.47%	19.22%	20.51%	17.39%	21.31%	20.50%
Revenue as Reported	347,538	301,972	300,268	310,442	450,502	611,486

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