Northern Solar Holdings Berhad (KLSE:NORTHERN)

KLSE:NORTHERN Income Statement

Financials in millions MYR. Fiscal year is April - March.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	77.97	44.67	22.23
Revenue Growth (YoY)	74.55%	100.94%	-
Cost of Revenue	56.39	33.37	17.18
Gross Profit	21.59	11.31	5.05
Selling, General & Admin	6.57	3.68	1.66
Other Operating Expenses	0.08	0.07	0.04
Operating Expenses	8.5	3.75	1.7
Operating Income	13.09	7.55	3.36
Interest Expense	-0.54	-0.39	-0.06
Interest & Investment Income	0.13	0.01	-
Earnings From Equity Investments	-0	-	-
Currency Exchange Gain (Loss)	0.02	0	0.04
EBT Excluding Unusual Items	12.7	7.18	3.33
Gain (Loss) on Sale of Investments	-0.01	-	-
Asset Writedown	-	-0.02	-
Other Unusual Items	0.02	-	-
Pretax Income	12.71	7.16	3.33
Income Tax Expense	2.63	1.04	0.23
Earnings From Continuing Operations	10.09	6.12	3.11
Minority Interest in Earnings	0	-	-
Net Income	10.09	6.12	3.11
Net Income to Common	10.09	6.12	3.11
Net Income Growth	64.99%	96.88%	-
Shares Outstanding (Basic)	1	1	1
Shares Outstanding (Diluted)	1	1	1
EPS (Basic)	10.09	6.12	3.11
EPS (Diluted)	10.09	6.12	3.11
EPS Growth	64.99%	96.88%	-
Free Cash Flow	0.64	2.25	0.75
Free Cash Flow Per Share	0.64	2.25	0.75
Gross Margin	27.68%	25.31%	22.73%
Operating Margin	16.79%	16.91%	15.10%
Profit Margin	12.94%	13.69%	13.97%
Free Cash Flow Margin	0.82%	5.04%	3.39%
EBITDA	13.24	7.59	3.37
EBITDA Margin	16.97%	16.99%	15.17%
D&A For EBITDA	0.15	0.04	0.01
EBIT	13.09	7.55	3.36
EBIT Margin	16.79%	16.91%	15.10%
Effective Tax Rate	20.65%	14.57%	6.81%

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