Sarawak Oil Palms Berhad (KLSE: SOP)

Sarawak Oil Palms 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	5,206	5,124	5,308	4,431	2,779	2,972
Revenue Growth (YoY)	7.20%	-3.48%	19.80%	59.47%	-6.50%	-17.54%
Cost of Revenue	4,322	4,377	4,272	3,283	2,241	2,649
Gross Profit	884.15	746.55	1,036	1,148	537.48	323.21
Selling, General & Admin	347.55	351.15	388.6	321.57	187.85	135.7
Other Operating Expenses	16.81	-5.12	-22.11	93.34	20.84	25.36
Operating Expenses	364.36	346.03	366.5	414.91	208.69	161.05
Operating Income	519.79	400.52	669.57	733.38	328.79	162.15
Interest Expense	-28.82	-33.49	-29.27	-33.32	-42.25	-54.21
Interest & Investment Income	50.87	47.09	26.89	16.28	20.86	22.75
Earnings From Equity Investments	-1.79	3.07	-2.53	-2.88	-13.96	-0.36
Currency Exchange Gain (Loss)	2.39	2.39	0.19	0	10.8	0.97
Other Non Operating Income (Expenses)	-	-	3.35	-0.94	-2.88	-0.16
EBT Excluding Unusual Items	542.44	419.59	668.2	712.52	301.35	131.14
Gain (Loss) on Sale of Assets	1.14	1.14	0.57	0.47	0.85	0.17
Other Unusual Items	-	-	0.02	-	-	-
Pretax Income	543.58	420.72	668.79	712.99	302.2	131.31
Income Tax Expense	133.61	106.35	164.54	171.49	82.04	39.72
Earnings From Continuing Operations	409.96	314.37	504.25	541.5	220.16	91.59
Minority Interest in Earnings	-16.24	-13.51	-24.6	-31.6	-16.04	-2.14
Net Income	393.72	300.87	479.65	509.9	204.12	89.46
Net Income to Common	393.72	300.87	479.65	509.9	204.12	89.46
Net Income Growth	76.96%	-37.27%	-5.93%	149.81%	128.17%	43.13%
Shares Outstanding (Basic)	891	890	878	857	856	856
Shares Outstanding (Diluted)	893	891	880	860	857	856
Shares Change (YoY)	0.64%	1.29%	2.34%	0.33%	0.04%	0.01%
EPS (Basic)	0.44	0.34	0.55	0.59	0.24	0.10
EPS (Diluted)	0.44	0.34	0.55	0.59	0.24	0.10
EPS Growth	75.76%	-38.07%	-8.07%	148.93%	128.11%	43.12%
Free Cash Flow	385.32	220.13	619.55	320	301.85	318.76
Free Cash Flow Per Share	0.43	0.25	0.70	0.37	0.35	0.37
Dividend Per Share	0.100	0.100	0.100	0.067	0.040	0.033
Dividend Growth	0%	0%	49.93%	66.75%	20.12%	0%
Gross Margin	16.98%	14.57%	19.52%	25.91%	19.34%	10.88%
Operating Margin	9.98%	7.82%	12.61%	16.55%	11.83%	5.46%
Profit Margin	7.56%	5.87%	9.04%	11.51%	7.35%	3.01%
Free Cash Flow Margin	7.40%	4.30%	11.67%	7.22%	10.86%	10.73%
EBITDA	691.98	570.14	833.47	893.12	469.38	302.69
EBITDA Margin	13.29%	11.13%	15.70%	20.16%	16.89%	10.19%
D&A For EBITDA	172.19	169.62	163.9	159.75	140.6	140.54
EBIT	519.79	400.52	669.57	733.38	328.79	162.15
EBIT Margin	9.98%	7.82%	12.61%	16.55%	11.83%	5.46%
Effective Tax Rate	24.58%	25.28%	24.60%	24.05%	27.15%	30.25%

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