Thac Ba Hydropower JSC (HOSE: TBC)

Thac Ba Hydropower JSC 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	401,078	430,944	726,080	495,240	533,011	296,912
Revenue Growth (YoY)	-35.01%	-40.65%	46.61%	-7.09%	79.52%	-25.04%
Selling, General & Admin	60,880	60,306	65,247	54,771	53,572	33,406
Other Operating Expenses	182,091	173,708	204,796	186,773	199,599	124,149
Total Operating Expenses	242,971	234,014	270,044	241,544	253,171	157,554
Operating Income	158,107	196,929	456,037	253,696	279,839	139,358
Interest Expense	-5,216	-9,372	-15,662	-23,935	-36,331	-14,128
Interest Income	9,063	11,271	14,578	16,326	11,172	30,576
Net Interest Expense	3,848	1,899	-1,083	-7,610	-25,159	16,448
Income (Loss) on Equity Investments	-2,148	-1,942	-252.65	-157.3	-	-
Currency Exchange Gain (Loss)	-0.05	-0.05	-	-	-	-
Other Non-Operating Income (Expenses)	1,020	-248.85	-1,966	-377.2	662.81	70.82
EBT Excluding Unusual Items	160,827	196,638	452,735	245,551	255,343	155,877
Gain (Loss) on Sale of Investments	-	-	545.35	-	-	2,739
Gain (Loss) on Sale of Assets	336.09	336.09	-	723.64	1,090	-
Other Unusual Items	-	-	-	582.57	3,984	-
Pretax Income	161,163	196,974	453,280	246,858	260,418	158,616
Income Tax Expense	19,414	28,360	74,492	37,389	42,135	30,511
Earnings From Continuing Ops.	141,749	168,614	378,788	209,468	218,283	128,105
Minority Interest in Earnings	-50,025	-42,908	-54,881	-40,865	-37,335	-1,368
Net Income	91,723	125,706	323,907	168,603	180,948	126,737
Preferred Dividends & Other Adjustments	-	-	4,000	4,500	4,500	3,500
Net Income to Common	91,723	125,706	319,907	164,103	176,448	123,237
Net Income Growth	-64.60%	-61.19%	92.11%	-6.82%	42.77%	-38.34%
Shares Outstanding (Basic)	63	64	64	64	64	64
Shares Outstanding (Diluted)	63	64	64	64	64	64
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	1444.47	1979.62	5037.91	2584.30	2778.71	1940.73
EPS (Diluted)	1444.47	1979.62	5037.91	2584.00	2778.71	1940.73
EPS Growth	-64.04%	-60.71%	94.97%	-7.01%	43.18%	-39.01%
Free Cash Flow	187,285	106,544	424,647	289,620	321,114	-486,305
Free Cash Flow Per Share	2949.39	1677.86	6687.36	4560.95	5056.92	-7658.34
Dividend Per Share	2000.000	2000.000	3000.000	2500.000	2500.000	2000.000
Dividend Growth	-50.00%	-33.33%	20.00%	0%	25.00%	0%
Profit Margin	22.87%	29.17%	44.06%	33.14%	33.10%	41.51%
Free Cash Flow Margin	46.70%	24.72%	58.48%	58.48%	60.25%	-163.79%
EBITDA	241,211	283,754	552,300	350,009	379,300	192,486
EBITDA Margin	60.14%	65.84%	76.07%	70.67%	71.16%	64.83%
D&A For EBITDA	83,103	86,824	96,263	96,313	99,460	53,128
EBIT	158,107	196,929	456,037	253,696	279,839	139,358
EBIT Margin	39.42%	45.70%	62.81%	51.23%	52.50%	46.94%
Effective Tax Rate	12.05%	14.40%	16.43%	15.15%	16.18%	19.24%
Revenue as Reported	401,078	430,944	726,080	495,240	533,011	296,912

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