Thong Guan Industries Berhad (KLSE: TGUAN)

KLSE: 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,296	1,241	1,387	1,215	960.58	939.2
Revenue Growth (YoY)	4.58%	-10.53%	14.12%	26.48%	2.28%	9.01%
Cost of Revenue	1,094	1,049	1,179	1,028	802.52	803.63
Gross Profit	201.83	191.22	207.16	187.09	158.06	135.57
Selling, General & Admin	86.92	81.16	71.84	64.72	62.81	62.89
Other Operating Expenses	8.5	1.81	7.98	1.34	-0.96	-2.76
Operating Expenses	105.67	93.21	79.81	66.06	61.85	60.13
Operating Income	96.17	98	127.35	121.03	96.21	75.44
Interest Expense	-10.64	-10	-5.16	-1.88	-2.54	-4.39
Interest & Investment Income	5.08	3.34	1.45	3.21	4.17	4.12
Earnings From Equity Investments	-0	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	90.61	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	90.61	91.67	124.44	125.22	99.91	75.45
Income Tax Expense	20.59	19.46	22.77	27.21	19.65	11.56
Earnings From Continuing Operations	70.02	72.21	101.66	98.01	80.26	63.89
Minority Interest in Earnings	-1.94	-0.89	-1.71	-5.14	-4.96	-2.04
Net Income	68.08	71.32	99.95	92.88	75.3	61.85
Net Income to Common	68.08	71.32	99.95	92.88	75.3	61.85
Net Income Growth	-16.77%	-28.65%	7.61%	23.34%	21.75%	41.59%
Shares Outstanding (Basic)	398	393	386	380	376	344
Shares Outstanding (Diluted)	399	396	394	392	391	357
Shares Change (YoY)	1.21%	0.69%	0.47%	0.11%	9.55%	5.72%
EPS (Basic)	0.17	0.18	0.26	0.24	0.20	0.18
EPS (Diluted)	0.17	0.18	0.25	0.24	0.19	0.17
EPS Growth	-17.83%	-29.13%	7.13%	23.23%	11.09%	33.84%
Free Cash Flow	97.01	96.08	-38.74	-9.69	69.98	20.03
Free Cash Flow Per Share	0.24	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	57.14%	-29.17%	9.09%	22.22%	0%	12.50%
Gross Margin	15.57%	15.41%	14.94%	15.40%	16.45%	14.43%
Operating Margin	7.42%	7.90%	9.18%	9.96%	10.02%	8.03%
Profit Margin	5.25%	5.75%	7.21%	7.64%	7.84%	6.59%
Free Cash Flow Margin	7.48%	7.74%	-2.79%	-0.80%	7.29%	2.13%
EBITDA	131.69	131.55	156.86	149.97	122.41	98.66
EBITDA Margin	10.16%	10.60%	11.31%	12.34%	12.74%	10.50%
D&A For EBITDA	35.52	33.55	29.51	28.94	26.19	23.22
EBIT	96.17	98	127.35	121.03	96.21	75.44
EBIT Margin	7.42%	7.90%	9.18%	9.96%	10.02%	8.03%
Effective Tax Rate	22.73%	21.23%	18.30%	21.73%	19.67%	15.32%

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