Powernet Technologies Corporation (KOSDAQ: 037030)

Powernet Technologies 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
Operating Revenue	207,515	186,159	211,087	207,856	147,184	128,554
Revenue	207,515	186,159	211,087	207,856	147,184	128,554
Revenue Growth (YoY)	7.17%	-11.81%	1.55%	41.22%	14.49%	9.99%
Cost of Revenue	177,907	160,269	186,614	181,116	124,725	109,730
Gross Profit	29,609	25,890	24,474	26,740	22,460	18,824
Selling, General & Admin	11,852	11,388	12,223	14,398	8,978	8,004
Research & Development	6,394	5,724	5,040	5,522	5,548	4,466
Other Operating Expenses	752.42	695.7	450.35	232.34	214.66	185.4
Operating Expenses	19,873	18,744	18,802	21,418	15,865	13,667
Operating Income	9,736	7,146	5,672	5,322	6,595	5,157
Interest Expense	-1,572	-1,449	-1,917	-1,685	-1,396	-1,725
Interest & Investment Income	479.58	342.91	109.01	147.95	83.15	399.75
Earnings From Equity Investments	-1,887	-3,815	-2,500	-136.5	-2,543	753.86
Currency Exchange Gain (Loss)	113.47	583.72	-231.48	-42.4	-487.32	-7.55
Other Non Operating Income (Expenses)	4,261	494.43	-411.95	328.28	-2,717	-106.04
EBT Excluding Unusual Items	11,132	3,303	720.1	3,934	-464	4,472
Gain (Loss) on Sale of Investments	3,381	-1,923	1,393	-569.58	2,441	1,400
Gain (Loss) on Sale of Assets	-29.11	-28.2	-57.9	-3.37	-	-4.47
Asset Writedown	-13.38	-13.38	-166.6	-126.26	-401.27	-19.75
Other Unusual Items	571.5	576.88	1,401	-	151.49	-88.34
Pretax Income	15,043	1,916	3,289	3,235	1,727	5,759
Income Tax Expense	4,191	2,112	1,630	856.78	1,517	341.17
Net Income	10,852	-196.76	1,659	2,378	210.03	5,418
Net Income to Common	10,852	-196.76	1,659	2,378	210.03	5,418
Net Income Growth	230.52%	-	-30.26%	1032.43%	-96.12%	19.56%
Shares Outstanding (Basic)	20	20	18	17	14	12
Shares Outstanding (Diluted)	23	20	18	17	14	17
Shares Change (YoY)	21.64%	9.76%	7.04%	21.42%	-17.84%	35.45%
EPS (Basic)	540.17	-10.07	93.14	142.95	15.33	451.37
EPS (Diluted)	403.08	-10.07	93.00	142.95	15.00	403.83
EPS Growth	130.18%	-	-34.94%	853.02%	-96.29%	4.05%
Free Cash Flow	14,078	22,265	-3,992	-5,800	1,954	2,108
Free Cash Flow Per Share	617.23	1139.07	-224.17	-348.57	142.56	126.41
Gross Margin	14.27%	13.91%	11.59%	12.86%	15.26%	14.64%
Operating Margin	4.69%	3.84%	2.69%	2.56%	4.48%	4.01%
Profit Margin	5.23%	-0.11%	0.79%	1.14%	0.14%	4.21%
Free Cash Flow Margin	6.78%	11.96%	-1.89%	-2.79%	1.33%	1.64%
EBITDA	13,431	11,047	9,873	8,660	9,310	7,359
EBITDA Margin	6.47%	5.93%	4.68%	4.17%	6.33%	5.72%
D&A For EBITDA	3,695	3,902	4,201	3,337	2,715	2,202
EBIT	9,736	7,146	5,672	5,322	6,595	5,157
EBIT Margin	4.69%	3.84%	2.69%	2.56%	4.48%	4.01%
Effective Tax Rate	27.86%	110.27%	49.57%	26.48%	87.84%	5.92%
Advertising Expenses	-	20.11	20.17	20.13	21.63	52.17

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