Mah Sing Group Berhad (KLSE: MAHSING)

Mah Sing Group Berhad Income Statement

Financials in millions MYR. 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	2,452	2,603	2,317	1,754	1,531	1,790
Revenue Growth (YoY)	-6.75%	12.34%	32.11%	14.58%	-14.47%	-18.39%
Cost of Revenue	1,845	2,008	1,804	1,297	1,146	1,264
Gross Profit	606.87	595.66	512.89	457.15	384.34	525.5
Selling, General & Admin	252.4	246.98	237.22	220.19	222.24	269.15
Other Operating Expenses	-36.27	-30.53	-44.79	-24.44	-22.61	-24.98
Operating Expenses	216.13	216.46	192.43	195.75	199.64	244.16
Operating Income	390.74	379.2	320.46	261.41	184.7	281.34
Interest Expense	-58.37	-58.87	-57	-44.74	-37.85	-9.36
Interest & Investment Income	9.16	7.83	2.47	3.48	8.47	11.52
Other Non Operating Income (Expenses)	-0.78	-0.78	-1.8	-0.9	1.23	-3.36
EBT Excluding Unusual Items	340.75	327.39	264.12	219.24	156.55	280.14
Asset Writedown	-	-	-	-	-9.68	-9.92
Pretax Income	340.75	327.39	264.12	219.24	146.86	270.22
Income Tax Expense	104.02	105.21	77.33	46.98	49.32	67.63
Earnings From Continuing Operations	236.73	222.18	186.8	172.26	97.55	202.59
Minority Interest in Earnings	-1.72	-6.89	-6.75	-11.41	-3.21	-2.26
Net Income	235.01	215.29	180.05	160.86	94.34	200.33
Preferred Dividends & Other Adjustments	-	-	22.36	54.2	73.18	91.27
Net Income to Common	235.01	215.29	157.69	106.66	21.16	109.07
Net Income Growth	20.91%	19.57%	11.93%	70.51%	-52.91%	-26.23%
Shares Outstanding (Basic)	2,456	2,428	2,428	2,428	2,428	2,428
Shares Outstanding (Diluted)	2,456	2,428	2,428	2,438	2,428	2,428
Shares Change (YoY)	1.17%	-	-0.43%	0.43%	0.01%	0.00%
EPS (Basic)	0.10	0.09	0.06	0.04	0.01	0.04
EPS (Diluted)	0.10	0.09	0.06	0.04	0.01	0.04
EPS Growth	19.51%	36.53%	48.64%	402.35%	-80.63%	-42.66%
Free Cash Flow	705.07	1,037	639.38	18.6	250.4	381.34
Free Cash Flow Per Share	0.29	0.43	0.26	0.01	0.10	0.16
Dividend Per Share	0.040	0.040	0.030	0.026	0.017	0.034
Dividend Growth	33.33%	33.33%	13.21%	59.64%	-50.45%	-25.56%
Gross Margin	24.75%	22.88%	22.13%	26.06%	25.11%	29.36%
Operating Margin	15.93%	14.57%	13.83%	14.90%	12.07%	15.72%
Profit Margin	9.58%	8.27%	6.80%	6.08%	1.38%	6.09%
Free Cash Flow Margin	28.75%	39.83%	27.59%	1.06%	16.36%	21.31%
EBITDA	429.12	413.98	353.51	291.68	211.4	307.98
EBITDA Margin	17.50%	15.90%	15.26%	16.63%	13.81%	17.21%
D&A For EBITDA	38.38	34.78	33.05	30.27	26.7	26.65
EBIT	390.74	379.2	320.46	261.41	184.7	281.34
EBIT Margin	15.93%	14.57%	13.83%	14.90%	12.07%	15.72%
Effective Tax Rate	30.53%	32.14%	29.28%	21.43%	33.58%	25.03%

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