Tae Kwang Corporation (KOSDAQ: 023160)

Tae Kwang Income Statement

Financials in millions KRW. 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
Other Revenue	-0	-	-	-0	-	-
Revenue	284,834	312,067	249,743	185,148	188,404	189,754
Revenue Growth (YoY)	-8.21%	24.96%	34.89%	-1.73%	-0.71%	19.61%
Cost of Revenue	210,559	222,808	175,734	148,729	169,420	167,741
Gross Profit	74,275	89,260	74,009	36,419	18,984	22,014
Selling, General & Admin	29,475	28,216	28,269	19,429	17,559	16,344
Research & Development	-	-	0.6	60.62	394.75	426
Other Operating Expenses	677.77	588.26	449.94	484.77	444.73	452.4
Operating Expenses	31,873	31,536	28,659	22,888	22,097	19,345
Operating Income	42,402	57,724	45,350	13,531	-3,113	2,669
Interest Expense	-591.1	-762.93	-643.29	-738.41	-130.2	-105.25
Interest & Investment Income	8,499	5,568	1,469	442.03	828.72	1,747
Currency Exchange Gain (Loss)	4,672	2,711	4,362	6,780	-5,167	3,010
Other Non Operating Income (Expenses)	725.33	603.23	-347.79	711.53	341.17	-1,899
EBT Excluding Unusual Items	55,708	65,843	50,190	20,726	-7,240	5,421
Gain (Loss) on Sale of Investments	1,429	4,786	-3,419	1,289	-265.87	4,294
Gain (Loss) on Sale of Assets	-181.91	15.4	17.06	21.85	-132.82	27.47
Pretax Income	56,955	70,645	46,788	22,037	-7,639	9,743
Income Tax Expense	10,171	12,517	10,004	3,487	-2,598	2,334
Earnings From Continuing Operations	46,784	58,128	36,783	18,549	-5,042	7,409
Minority Interest in Earnings	-1,876	-3,052	-1,013	-3,331	24.05	26.22
Net Income	44,907	55,076	35,771	15,218	-5,018	7,435
Net Income to Common	44,907	55,076	35,771	15,218	-5,018	7,435
Net Income Growth	-14.34%	53.97%	135.05%	-	-	-26.08%
Shares Outstanding (Basic)	26	26	26	26	26	26
Shares Outstanding (Diluted)	26	26	26	26	26	26
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	1736.16	2129.18	1382.86	588.32	-193.97	287.43
EPS (Diluted)	1736.16	2129.18	1382.86	588.32	-193.97	287.43
EPS Growth	-14.33%	53.97%	135.05%	-	-	-26.08%
Free Cash Flow	48,867	34,127	39,160	23,927	29,662	-45,112
Free Cash Flow Per Share	1889.22	1319.30	1513.88	925.00	1146.68	-1743.97
Dividend Per Share	170.000	170.000	170.000	100.000	50.000	100.000
Dividend Growth	0%	0%	70.00%	100.00%	-50.00%	-
Gross Margin	26.08%	28.60%	29.63%	19.67%	10.08%	11.60%
Operating Margin	14.89%	18.50%	18.16%	7.31%	-1.65%	1.41%
Profit Margin	15.77%	17.65%	14.32%	8.22%	-2.66%	3.92%
Free Cash Flow Margin	17.16%	10.94%	15.68%	12.92%	15.74%	-23.77%
EBITDA	51,857	66,972	54,245	22,611	3,301	8,200
EBITDA Margin	18.21%	21.46%	21.72%	12.21%	1.75%	4.32%
D&A For EBITDA	9,455	9,248	8,895	9,080	6,415	5,531
EBIT	42,402	57,724	45,350	13,531	-3,113	2,669
EBIT Margin	14.89%	18.50%	18.16%	7.31%	-1.65%	1.41%
Effective Tax Rate	17.86%	17.72%	21.38%	15.82%	-	23.96%
Advertising Expenses	-	121.24	109.95	117.75	31.06	1.07

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