Swift Haulage Berhad (KLSE: SWIFT)

Swift Haulage 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	708.91	671.52	643.77	588.33	555.84	610.2
Revenue Growth (YoY)	7.09%	4.31%	9.42%	5.85%	-8.91%	22.78%
Cost of Revenue	509.34	473.23	446.33	401.01	370.1	400.05
Gross Profit	199.57	198.29	197.44	187.32	185.74	210.15
Selling, General & Admin	132.25	135.66	116.83	117.23	135.26	118.58
Other Operating Expenses	4.03	-10.09	-8.45	4.58	-3.89	-8.9
Operating Expenses	134.74	123.74	109.45	121.81	131.37	120.83
Operating Income	64.83	74.55	87.99	65.51	54.37	89.32
Interest Expense	-36.38	-34.12	-26.88	-26.78	-29.56	-35.15
Interest & Investment Income	-	-	-	-	-	1.24
Earnings From Equity Investments	0.4	0.29	-0.55	-0.97	-0.13	0.73
Currency Exchange Gain (Loss)	-	-	-	-	-	0.98
Other Non Operating Income (Expenses)	0.09	0.09	1.71	19.32	29.15	4.42
EBT Excluding Unusual Items	28.94	40.81	62.28	57.08	53.82	61.52
Impairment of Goodwill	-0.39	-0.39	-	-	-	-3
Gain (Loss) on Sale of Investments	-	-	-	-	-	-1.7
Gain (Loss) on Sale of Assets	-	-	-	-	-	2.59
Asset Writedown	-	-	-	-	-	-0.26
Other Unusual Items	25.47	25.47	-	-	-	-
Pretax Income	54.02	65.9	62.28	57.08	53.82	59.15
Income Tax Expense	3.54	2.75	13.06	8.91	11.41	22.18
Earnings From Continuing Operations	50.48	63.15	49.22	48.17	42.41	36.97
Minority Interest in Earnings	-1.75	-1.41	-0.73	-1.05	-0.79	-0.66
Net Income	48.73	61.73	48.49	47.12	41.62	36.32
Net Income to Common	48.73	61.73	48.49	47.12	41.62	36.32
Net Income Growth	-15.28%	27.30%	2.91%	13.22%	14.59%	-11.17%
Shares Outstanding (Basic)	881	881	887	634	437	437
Shares Outstanding (Diluted)	883	882	887	634	733	689
Shares Change (YoY)	0.08%	-0.51%	39.93%	-13.49%	6.30%	5.28%
EPS (Basic)	0.06	0.07	0.05	0.07	0.10	0.08
EPS (Diluted)	0.06	0.07	0.05	0.07	0.06	0.05
EPS Growth	-15.35%	28.02%	-26.41%	30.81%	6.57%	-13.62%
Free Cash Flow	-40.8	81.39	103.25	4.11	107.34	100.2
Free Cash Flow Per Share	-0.05	0.09	0.12	0.01	0.15	0.15
Dividend Per Share	0.016	0.016	0.020	0.018	-	-
Dividend Growth	-11.11%	-20.00%	11.11%	-	-	-
Gross Margin	28.15%	29.53%	30.67%	31.84%	33.42%	34.44%
Operating Margin	9.14%	11.10%	13.67%	11.13%	9.78%	14.64%
Profit Margin	6.87%	9.19%	7.53%	8.01%	7.49%	5.95%
Free Cash Flow Margin	-5.76%	12.12%	16.04%	0.70%	19.31%	16.42%
EBITDA	119.5	124.88	127.98	98.14	84.56	116.14
EBITDA Margin	16.86%	18.60%	19.88%	16.68%	15.21%	19.03%
D&A For EBITDA	54.68	50.34	39.98	32.63	30.19	26.82
EBIT	64.83	74.55	87.99	65.51	54.37	89.32
EBIT Margin	9.14%	11.10%	13.67%	11.13%	9.78%	14.64%
Effective Tax Rate	6.56%	4.18%	20.97%	15.61%	21.20%	37.49%

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