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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	693.89	671.52	643.77	588.33	555.84	610.2
Revenue Growth (YoY)	6.23%	4.31%	9.42%	5.85%	-8.91%	22.78%
Cost of Revenue	496.68	473.23	446.33	401.01	370.1	400.05
Gross Profit	197.21	198.29	197.44	187.32	185.74	210.15
Selling, General & Admin	133.8	135.66	116.83	117.23	135.26	118.58
Other Operating Expenses	-21.4	-10.09	-8.45	4.58	-3.89	-8.9
Operating Expenses	110.46	123.74	109.45	121.81	131.37	120.83
Operating Income	86.75	74.55	87.99	65.51	54.37	89.32
Interest Expense	-35.81	-34.12	-26.88	-26.78	-29.56	-35.15
Interest & Investment Income	-	-	-	-	-	1.24
Earnings From Equity Investments	0.29	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	51.32	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	76.41	65.9	62.28	57.08	53.82	59.15
Income Tax Expense	3.21	2.75	13.06	8.91	11.41	22.18
Earnings From Continuing Operations	73.19	63.15	49.22	48.17	42.41	36.97
Minority Interest in Earnings	-1.84	-1.41	-0.73	-1.05	-0.79	-0.66
Net Income	71.35	61.73	48.49	47.12	41.62	36.32
Net Income to Common	71.35	61.73	48.49	47.12	41.62	36.32
Net Income Growth	74.69%	27.30%	2.91%	13.22%	14.59%	-11.17%
Shares Outstanding (Basic)	881	881	887	634	437	437
Shares Outstanding (Diluted)	882	882	887	634	733	689
Shares Change (YoY)	-0.12%	-0.51%	39.93%	-13.49%	6.30%	5.28%
EPS (Basic)	0.08	0.07	0.05	0.07	0.10	0.08
EPS (Diluted)	0.08	0.07	0.05	0.07	0.06	0.05
EPS Growth	75.13%	28.02%	-26.41%	30.81%	6.57%	-13.62%
Free Cash Flow	17.09	81.39	103.25	4.11	107.34	100.2
Free Cash Flow Per Share	0.02	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	28.42%	29.53%	30.67%	31.84%	33.42%	34.44%
Operating Margin	12.50%	11.10%	13.67%	11.13%	9.78%	14.64%
Profit Margin	10.28%	9.19%	7.53%	8.01%	7.49%	5.95%
Free Cash Flow Margin	2.46%	12.12%	16.04%	0.70%	19.31%	16.42%
EBITDA	138.93	124.88	127.98	98.14	84.56	116.14
EBITDA Margin	20.02%	18.60%	19.88%	16.68%	15.21%	19.03%
D&A For EBITDA	52.18	50.34	39.98	32.63	30.19	26.82
EBIT	86.75	74.55	87.99	65.51	54.37	89.32
EBIT Margin	12.50%	11.10%	13.67%	11.13%	9.78%	14.64%
Effective Tax Rate	4.21%	4.18%	20.97%	15.61%	21.20%	37.49%

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