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	Jun '24 Jun 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	455.86	349.24	304.04	171.08	97.12	98.71
Revenue Growth (YoY)	49.94%	14.87%	77.71%	76.15%	-1.60%	-
Cost of Revenue	398.66	297.92	259.75	147.56	82.79	86.2
Gross Profit	57.2	51.33	44.29	23.53	14.33	12.51
Selling, General & Admin	8.89	8.61	9.65	7.72	2.71	2.94
Other Operating Expenses	-	-	-	-	0.97	-0
Operating Expenses	8.89	8.61	9.65	7.72	4.1	3.46
Operating Income	48.3	42.71	34.63	15.8	10.23	9.05
Interest Expense	-12.76	-7.6	-1.87	-1.73	-1.22	-0.65
Interest & Investment Income	1.44	1.19	0.36	0.15	0.18	0.1
Other Non Operating Income (Expenses)	1.09	1.43	1.61	0.37	0.03	0.23
EBT Excluding Unusual Items	38.08	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	38.08	37.74	34.74	14.59	9.62	9.37
Income Tax Expense	10.19	9.97	9.63	3.96	2.61	2.21
Net Income	27.89	27.77	25.11	10.64	7.01	7.16
Net Income to Common	27.89	27.77	25.11	10.64	7.01	7.16
Net Income Growth	11.05%	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	-35.30%	-35.58%	-	-	-	-
Free Cash Flow	-76.33	-120.52	6.2	5.05	-6.6	3.19
Free Cash Flow Per Share	-0.08	-0.13	0.01	-	-	-
Gross Margin	12.55%	14.70%	14.57%	13.75%	14.75%	12.67%
Operating Margin	10.60%	12.23%	11.39%	9.24%	10.53%	9.17%
Profit Margin	6.12%	7.95%	8.26%	6.22%	7.22%	7.26%
Free Cash Flow Margin	-16.74%	-34.51%	2.04%	2.95%	-6.80%	3.23%
EBITDA	50.22	44.28	35.34	16.62	11.14	10.1
EBITDA Margin	11.02%	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	48.3	42.71	34.63	15.8	10.23	9.05
EBIT Margin	10.60%	12.23%	11.39%	9.24%	10.53%	9.17%
Effective Tax Rate	26.76%	26.42%	27.72%	27.12%	27.13%	23.53%

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