VSTECS Berhad (KLSE: VSTECS)

VSTECS 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,890	2,727	2,771	2,626	2,017	1,802
Revenue Growth (YoY)	11.01%	-1.57%	5.51%	30.15%	11.94%	10.41%
Cost of Revenue	2,723	2,573	2,621	2,486	1,911	1,709
Gross Profit	166.63	153.85	149.78	139.37	106	93.17
Selling, General & Admin	84.69	79.07	73.29	70.37	63.45	59.41
Other Operating Expenses	-7.81	-5.69	-0.18	-1.88	-1.82	-2.19
Operating Expenses	78.22	74.71	73.19	68.78	61.84	57.21
Operating Income	88.41	79.14	76.6	70.59	44.16	35.96
Interest Expense	-0.51	-1.27	-0.51	-0.22	-0.12	-0.53
Interest & Investment Income	3.01	1.48	0.47	1.3	1.68	0.61
Earnings From Equity Investments	3.73	3.31	3.54	2.73	2.76	3.15
EBT Excluding Unusual Items	90.23	82.65	80.09	74.41	48.48	39.19
Gain (Loss) on Sale of Assets	0.18	0.14	0.02	0.02	-	0.12
Pretax Income	90.45	82.8	80.11	74.43	48.48	39.31
Income Tax Expense	17.12	15.37	20.43	19.44	11.7	9.71
Net Income	73.33	67.43	59.68	54.99	36.78	29.59
Net Income to Common	73.33	67.43	59.68	54.99	36.78	29.59
Net Income Growth	19.28%	12.98%	8.52%	49.51%	24.29%	20.28%
Shares Outstanding (Basic)	357	357	357	357	357	359
Shares Outstanding (Diluted)	357	357	357	357	357	359
Shares Change (YoY)	0.04%	-	-0.13%	-0.07%	-0.53%	-0.24%
EPS (Basic)	0.21	0.19	0.17	0.15	0.10	0.08
EPS (Diluted)	0.21	0.19	0.17	0.15	0.10	0.08
EPS Growth	19.24%	12.98%	8.66%	49.62%	24.94%	20.57%
Free Cash Flow	65.16	105.85	-24	-21.82	36.89	46.38
Free Cash Flow Per Share	0.18	0.30	-0.07	-0.06	0.10	0.13
Dividend Per Share	0.069	0.066	0.062	0.052	0.035	0.028
Dividend Growth	11.29%	6.45%	19.23%	48.57%	27.27%	10.00%
Gross Margin	5.77%	5.64%	5.41%	5.31%	5.25%	5.17%
Operating Margin	3.06%	2.90%	2.76%	2.69%	2.19%	2.00%
Profit Margin	2.54%	2.47%	2.15%	2.09%	1.82%	1.64%
Free Cash Flow Margin	2.25%	3.88%	-0.87%	-0.83%	1.83%	2.57%
EBITDA	89.84	80.36	77.57	71.41	45.2	37.22
EBITDA Margin	3.11%	2.95%	2.80%	2.72%	2.24%	2.07%
D&A For EBITDA	1.43	1.22	0.97	0.82	1.04	1.26
EBIT	88.41	79.14	76.6	70.59	44.16	35.96
EBIT Margin	3.06%	2.90%	2.76%	2.69%	2.19%	2.00%
Effective Tax Rate	18.92%	18.56%	25.50%	26.11%	24.13%	24.71%

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