LS SECURITIES Co., Ltd. (KOSDAQ: 078020)

LS SECURITIES 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	239,612	218,578	167,108	160,369	113,349	81,626
Total Interest Expense	200,558	163,613	71,243	27,598	33,038	38,638
Net Interest Income	39,054	54,965	95,865	132,770	80,311	42,988
Brokerage Commission	93,716	92,828	98,027	120,723	101,631	56,316
Asset Management Fee	5,399	7,629	8,241	14,250	10,817	5,427
Underwriting & Investment Banking Fee	6,724	8,160	15,019	34,271	23,788	26,940
Gain on Sale of Investments (Rev)	328,794	286,085	354,218	535,657	699,940	328,923
Other Revenue	814,146	693,912	668,538	647,945	1,026,196	586,018
Revenue Before Loan Losses	1,287,832	1,143,578	1,239,909	1,485,615	1,942,682	1,046,612
Provision for Loan Losses	-16,592	-513.82	900.67	-	-	-117.35
Revenue	1,304,424	1,144,092	1,239,008	1,485,615	1,942,682	1,046,729
Revenue Growth (YoY)	13.02%	-7.66%	-16.60%	-23.53%	85.60%	3.91%
Salaries & Employee Benefits	69,847	70,268	100,786	160,578	131,715	79,839
Cost of Services Provided	87,738	87,114	88,461	93,289	74,111	56,055
Other Operating Expenses	648,059	550,548	595,521	604,047	1,077,278	611,120
Total Operating Expenses	821,720	722,801	797,938	869,679	1,290,711	753,801
Operating Income	482,704	421,291	441,070	615,936	651,971	292,928
Currency Exchange Gains	5,386	-8,155	22.85	834.49	5,369	282.32
Other Non-Operating Income (Expenses)	-123,051	-123,525	-1,084	-1,446	-52,957	-458.49
EBT Excluding Unusual Items	365,303	294,512	438,812	609,713	615,296	292,333
Asset Writedown	-	-	-133.5	193.06	176.5	717.92
Gain (Loss) on Sale of Investments	-326,751	-256,200	-398,032	-389,331	-449,582	-222,139
Pretax Income	38,585	38,344	40,627	220,131	165,922	70,923
Income Tax Expense	5,609	9,683	10,917	59,302	39,892	19,388
Net Income	32,977	28,661	29,709	160,830	126,030	51,536
Preferred Dividends & Other Adjustments	-	-	9,023	7,229	4,420	-
Net Income to Common	32,977	28,661	20,686	153,601	121,610	51,536
Net Income Growth	337.57%	-3.53%	-81.53%	27.61%	144.55%	51.36%
Shares Outstanding (Basic)	65	68	50	50	50	46
Shares Outstanding (Diluted)	65	68	50	67	61	46
Shares Change (YoY)	2.37%	34.35%	-24.74%	10.59%	33.05%	28.39%
EPS (Basic)	508.19	423.24	410.38	3047.29	2412.62	1132.27
EPS (Diluted)	507.94	423.00	410.00	2401.33	2081.08	1132.00
EPS Growth	-	3.17%	-82.93%	15.39%	83.84%	17.86%
Free Cash Flow	-1,621,596	-1,539,033	-47,482	-187,428	-68,072	-536,403
Free Cash Flow Per Share	-24989.59	-22726.96	-941.99	-2798.47	-1124.04	-11785.13
Dividend Per Share	150.000	150.000	100.000	600.000	550.000	345.000
Dividend Growth	50.00%	50.00%	-83.33%	9.09%	59.42%	-
Operating Margin	37.01%	36.82%	35.60%	41.46%	33.56%	27.99%
Profit Margin	2.53%	2.51%	1.67%	10.34%	6.26%	4.92%
Free Cash Flow Margin	-124.32%	-134.52%	-3.83%	-12.62%	-3.50%	-51.25%
Effective Tax Rate	14.54%	25.25%	26.87%	26.94%	24.04%	27.34%

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