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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,447	2,603	2,317	1,754	1,531	1,790
Revenue Growth (YoY)	-5.98%	12.34%	32.11%	14.58%	-14.47%	-18.39%
Cost of Revenue	1,814	2,008	1,804	1,297	1,146	1,264
Gross Profit	633.64	595.66	512.89	457.15	384.34	525.5
Selling, General & Admin	267.23	246.98	237.22	220.19	222.24	269.15
Other Operating Expenses	-33.88	-30.53	-44.79	-24.44	-22.61	-24.98
Operating Expenses	233.35	216.46	192.43	195.75	199.64	244.16
Operating Income	400.29	379.2	320.46	261.41	184.7	281.34
Interest Expense	-60.27	-58.87	-57	-44.74	-37.85	-9.36
Interest & Investment Income	10.32	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	349.56	327.39	264.12	219.24	156.55	280.14
Asset Writedown	-	-	-	-	-9.68	-9.92
Pretax Income	349.56	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	245.53	222.18	186.8	172.26	97.55	202.59
Minority Interest in Earnings	-0.49	-6.89	-6.75	-11.41	-3.21	-2.26
Net Income	245.05	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	245.05	215.29	157.69	106.66	21.16	109.07
Net Income Growth	24.18%	19.57%	11.93%	70.51%	-52.91%	-26.23%
Shares Outstanding (Basic)	2,489	2,428	2,428	2,428	2,428	2,428
Shares Outstanding (Diluted)	2,489	2,428	2,428	2,438	2,428	2,428
Shares Change (YoY)	2.54%	-	-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	21.10%	36.53%	48.64%	402.35%	-80.63%	-42.66%
Free Cash Flow	526.07	1,037	639.38	18.6	250.4	381.34
Free Cash Flow Per Share	0.21	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	25.89%	22.88%	22.13%	26.06%	25.11%	29.36%
Operating Margin	16.36%	14.57%	13.83%	14.90%	12.07%	15.72%
Profit Margin	10.01%	8.27%	6.80%	6.08%	1.38%	6.09%
Free Cash Flow Margin	21.50%	39.83%	27.59%	1.06%	16.36%	21.31%
EBITDA	440.67	413.98	353.51	291.68	211.4	307.98
EBITDA Margin	18.01%	15.90%	15.26%	16.63%	13.81%	17.21%
D&A For EBITDA	40.38	34.78	33.05	30.27	26.7	26.65
EBIT	400.29	379.2	320.46	261.41	184.7	281.34
EBIT Margin	16.36%	14.57%	13.83%	14.90%	12.07%	15.72%
Effective Tax Rate	29.76%	32.14%	29.28%	21.43%	33.58%	25.03%

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