Korea Ratings Co., Ltd. (KOSDAQ: 034950)

Korea Ratings 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
Revenue	97,647	95,594	101,576	104,520	95,885	92,750
Revenue Growth (YoY)	1.84%	-5.89%	-2.82%	9.01%	3.38%	10.21%
Cost of Revenue	978.84	948.57	911.53	666.11	341.3	305.09
Gross Profit	96,669	94,645	100,664	103,854	95,543	92,444
Selling, General & Admin	63,352	61,653	64,291	62,434	59,096	57,706
Research & Development	78.39	82.67	65.14	57.81	60.12	86.49
Other Operating Expenses	-515.33	1,548	504.66	464.74	374.92	297.17
Operating Expenses	68,219	68,806	70,735	67,634	62,833	60,797
Operating Income	28,450	25,840	29,930	36,219	32,710	31,648
Interest Expense	-104.1	-104.1	-23.6	-26.63	-46.54	-50.86
Interest & Investment Income	3,518	3,518	2,221	695.37	1,123	2,100
Currency Exchange Gain (Loss)	-13.92	-30.32	37.49	-0.05	-73.78	8.27
Other Non Operating Income (Expenses)	171.62	201.11	10.49	135.11	128.28	169.62
EBT Excluding Unusual Items	32,022	29,425	32,175	37,023	33,841	33,875
Gain (Loss) on Sale of Assets	0.87	2.8	3.2	4.66	-52.85	-0.03
Asset Writedown	-	-	-	-	-4	-
Pretax Income	32,023	29,427	32,178	37,028	33,784	33,875
Income Tax Expense	5,837	5,256	6,690	10,278	9,620	9,119
Earnings From Continuing Operations	26,185	24,171	25,488	26,750	24,163	24,756
Net Income to Company	26,185	24,171	25,488	26,750	24,163	24,756
Minority Interest in Earnings	-4,380	-3,787	-5,047	-4,489	-4,206	-4,400
Net Income	21,805	20,385	20,441	22,261	19,957	20,356
Net Income to Common	21,805	20,385	20,441	22,261	19,957	20,356
Net Income Growth	14.55%	-0.27%	-8.18%	11.55%	-1.96%	25.70%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
EPS (Basic)	4888.06	4569.70	4582.30	4990.28	4473.75	4563.22
EPS (Diluted)	4888.06	4569.70	4582.30	4990.28	4473.75	4563.22
EPS Growth	14.55%	-0.27%	-8.18%	11.55%	-1.96%	25.70%
Free Cash Flow	30,536	27,393	24,242	33,522	29,869	30,036
Free Cash Flow Per Share	6845.40	6140.71	5434.40	7514.59	6695.84	6733.25
Dividend Per Share	3750.000	5131.000	-	-	-	-
Gross Margin	99.00%	99.01%	99.10%	99.36%	99.64%	99.67%
Operating Margin	29.14%	27.03%	29.47%	34.65%	34.11%	34.12%
Profit Margin	22.33%	21.32%	20.12%	21.30%	20.81%	21.95%
Free Cash Flow Margin	31.27%	28.66%	23.87%	32.07%	31.15%	32.38%
EBITDA	33,570	31,261	35,789	40,888	35,934	34,331
EBITDA Margin	34.38%	32.70%	35.23%	39.12%	37.48%	37.02%
D&A For EBITDA	5,120	5,421	5,859	4,669	3,224	2,684
EBIT	28,450	25,840	29,930	36,219	32,710	31,648
EBIT Margin	29.14%	27.03%	29.47%	34.65%	34.11%	34.12%
Effective Tax Rate	18.23%	17.86%	20.79%	27.76%	28.48%	26.92%
Advertising Expenses	-	62.95	48	50.31	50.93	85.74

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