Vestland Berhad Income Statement

Financials in millions MYR. Fiscal year is January - December.

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	545.29	349.24	304.04	171.08	97.12	98.71
Revenue Growth (YoY)	65.47%	14.87%	77.71%	76.15%	-1.60%	-
Cost of Revenue	479.42	297.92	259.75	147.56	82.79	86.2
Gross Profit	65.88	51.33	44.29	23.53	14.33	12.51
Selling, General & Admin	8.72	8.61	9.65	7.72	2.71	2.94
Other Operating Expenses	-	-	-	-	0.97	-0
Operating Expenses	8.72	8.61	9.65	7.72	4.1	3.46
Operating Income	57.16	42.71	34.63	15.8	10.23	9.05
Interest Expense	-14.77	-7.6	-1.87	-1.73	-1.22	-0.65
Interest & Investment Income	1.54	1.19	0.36	0.15	0.18	0.1
Other Non Operating Income (Expenses)	-0.18	1.43	1.61	0.37	0.03	0.23
EBT Excluding Unusual Items	43.75	37.74	34.74	14.59	9.22	8.73
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.63
Other Unusual Items	-	-	-	-	0.4	0.01
Pretax Income	43.75	37.74	34.74	14.59	9.62	9.37
Income Tax Expense	11.16	9.97	9.63	3.96	2.61	2.21
Net Income	32.58	27.77	25.11	10.64	7.01	7.16
Net Income to Common	32.58	27.77	25.11	10.64	7.01	7.16
Net Income Growth	9.97%	10.57%	136.10%	51.74%	-2.17%	-
Shares Outstanding (Basic)	932	932	543	-	-	-
Shares Outstanding (Diluted)	932	932	543	-	-	-
Shares Change (YoY)	71.65%	71.65%	-	-	-	-
EPS (Basic)	0.03	0.03	0.05	-	-	-
EPS (Diluted)	0.03	0.03	0.05	-	-	-
EPS Growth	-35.94%	-35.58%	-	-	-	-
Free Cash Flow	-84.2	-120.52	6.2	5.05	-6.6	3.19
Free Cash Flow Per Share	-0.09	-0.13	0.01	-	-	-
Gross Margin	12.08%	14.70%	14.57%	13.75%	14.75%	12.67%
Operating Margin	10.48%	12.23%	11.39%	9.24%	10.53%	9.17%
Profit Margin	5.98%	7.95%	8.26%	6.22%	7.22%	7.26%
Free Cash Flow Margin	-15.44%	-34.51%	2.04%	2.95%	-6.80%	3.23%
EBITDA	59.09	44.28	35.34	16.62	11.14	10.1
EBITDA Margin	10.84%	12.68%	11.62%	9.71%	11.47%	10.23%
D&A For EBITDA	1.92	1.57	0.7	0.82	0.91	1.05
EBIT	57.16	42.71	34.63	15.8	10.23	9.05
EBIT Margin	10.48%	12.23%	11.39%	9.24%	10.53%	9.17%
Effective Tax Rate	25.52%	26.42%	27.72%	27.12%	27.13%	23.53%

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