Thong Guan Industries Berhad (KLSE: TGUAN)

TGUAN 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	1,284	1,241	1,387	1,215	960.58	939.2
Revenue Growth (YoY)	0.44%	-10.53%	14.12%	26.48%	2.28%	9.01%
Cost of Revenue	1,081	1,049	1,179	1,028	802.52	803.63
Gross Profit	203.22	191.22	207.16	187.09	158.06	135.57
Selling, General & Admin	85.44	81.16	71.84	64.72	62.81	62.89
Other Operating Expenses	1.88	1.81	7.98	1.34	-0.96	-2.76
Operating Expenses	97.56	93.21	79.81	66.06	61.85	60.13
Operating Income	105.65	98	127.35	121.03	96.21	75.44
Interest Expense	-10.77	-10	-5.16	-1.88	-2.54	-4.39
Interest & Investment Income	4.6	3.34	1.45	3.21	4.17	4.12
Earnings From Equity Investments	0.04	0.32	0.84	0.51	1.06	0.49
Other Non Operating Income (Expenses)	-	-	-	-0.28	-0.05	0.25
EBT Excluding Unusual Items	99.52	91.67	124.47	122.58	98.85	75.91
Merger & Restructuring Charges	-	-	-	-	-	-0.32
Gain (Loss) on Sale of Investments	-	-	-0.03	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	0.18	0.06	-0.13
Other Unusual Items	-	-	-	2.46	1	-
Pretax Income	99.52	91.67	124.44	125.22	99.91	75.45
Income Tax Expense	22.32	19.46	22.77	27.21	19.65	11.56
Earnings From Continuing Operations	77.2	72.21	101.66	98.01	80.26	63.89
Minority Interest in Earnings	-2.21	-0.89	-1.71	-5.14	-4.96	-2.04
Net Income	74.99	71.32	99.95	92.88	75.3	61.85
Net Income to Common	74.99	71.32	99.95	92.88	75.3	61.85
Net Income Growth	-13.82%	-28.65%	7.61%	23.34%	21.75%	41.59%
Shares Outstanding (Basic)	397	393	386	380	376	344
Shares Outstanding (Diluted)	398	396	394	392	391	357
Shares Change (YoY)	0.88%	0.69%	0.47%	0.11%	9.55%	5.72%
EPS (Basic)	0.19	0.18	0.26	0.24	0.20	0.18
EPS (Diluted)	0.19	0.18	0.25	0.24	0.19	0.17
EPS Growth	-14.64%	-29.13%	7.13%	23.23%	11.09%	33.84%
Free Cash Flow	135.96	96.08	-38.74	-9.69	69.98	20.03
Free Cash Flow Per Share	0.34	0.24	-0.10	-0.02	0.18	0.06
Dividend Per Share	0.055	0.043	0.060	0.055	0.045	0.045
Dividend Growth	15.79%	-29.17%	9.09%	22.22%	0%	12.50%
Gross Margin	15.82%	15.41%	14.94%	15.40%	16.45%	14.43%
Operating Margin	8.23%	7.90%	9.18%	9.96%	10.02%	8.03%
Profit Margin	5.84%	5.75%	7.21%	7.64%	7.84%	6.59%
Free Cash Flow Margin	10.59%	7.74%	-2.79%	-0.80%	7.29%	2.13%
EBITDA	140.61	131.55	156.86	149.97	122.41	98.66
EBITDA Margin	10.95%	10.60%	11.31%	12.34%	12.74%	10.50%
D&A For EBITDA	34.95	33.55	29.51	28.94	26.19	23.22
EBIT	105.65	98	127.35	121.03	96.21	75.44
EBIT Margin	8.23%	7.90%	9.18%	9.96%	10.02%	8.03%
Effective Tax Rate	22.43%	21.23%	18.30%	21.73%	19.67%	15.32%

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