Worldex Industry & Trading Co., Ltd. (KOSDAQ: 101160)

Worldex Industry & Trading 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	276,976	288,087	255,930	190,057	155,682	117,443
Other Revenue	0	-	-	-	-	-
Revenue	276,976	288,087	255,930	190,057	155,682	117,443
Revenue Growth (YoY)	-7.55%	12.56%	34.66%	22.08%	32.56%	11.27%
Cost of Revenue	190,562	201,532	185,992	132,428	104,516	79,346
Gross Profit	86,414	86,555	69,938	57,629	51,166	38,097
Selling, General & Admin	18,919	18,128	16,187	13,983	11,888	11,223
Research & Development	2,875	2,596	2,219	2,522	2,368	2,234
Other Operating Expenses	196.46	185.05	134.27	136.2	139.95	148.54
Operating Expenses	22,926	21,783	19,254	17,421	15,370	14,807
Operating Income	63,488	64,772	50,684	40,208	35,796	23,290
Interest Expense	-2,033	-2,111	-1,444	-1,155	-1,358	-1,751
Interest & Investment Income	3,935	2,481	505.45	115.19	292.84	192.46
Earnings From Equity Investments	-281.13	-281.13	-	-	-	-
Currency Exchange Gain (Loss)	5,876	-395.82	-97.93	3,421	-3,488	921.15
Other Non Operating Income (Expenses)	45.13	2,313	467.31	121.33	2,038	775.29
EBT Excluding Unusual Items	71,029	66,779	50,114	42,711	33,280	23,427
Gain (Loss) on Sale of Assets	30.46	9.13	-280.95	-74.15	76.67	3.8
Asset Writedown	-	-	-	-	-7,323	-
Pretax Income	71,060	66,788	49,833	42,637	26,034	23,431
Income Tax Expense	14,115	12,938	8,336	9,205	4,248	4,009
Earnings From Continuing Operations	56,945	53,850	41,497	33,433	21,786	19,422
Minority Interest in Earnings	-5.58	-	14.86	18.45	33.14	55.16
Net Income	56,939	53,850	41,512	33,451	21,819	19,477
Net Income to Common	56,939	53,850	41,512	33,451	21,819	19,477
Net Income Growth	4.49%	29.72%	24.10%	53.31%	12.02%	10.90%
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17	17
EPS (Basic)	3448.56	3261.45	2514.22	2025.98	1321.47	1179.65
EPS (Diluted)	3448.56	3261.00	2514.00	2025.98	1321.00	1179.65
EPS Growth	4.50%	29.71%	24.09%	53.37%	11.98%	10.90%
Free Cash Flow	40,517	72,159	-7,746	2,062	19,703	21,547
Free Cash Flow Per Share	2453.97	4370.39	-469.17	124.91	1193.33	1305.00
Dividend Per Share	60.000	60.000	50.000	60.000	70.000	50.000
Dividend Growth	20.00%	20.00%	-16.67%	-14.29%	40.00%	0%
Gross Margin	31.20%	30.04%	27.33%	30.32%	32.87%	32.44%
Operating Margin	22.92%	22.48%	19.80%	21.16%	22.99%	19.83%
Profit Margin	20.56%	18.69%	16.22%	17.60%	14.01%	16.58%
Free Cash Flow Margin	14.63%	25.05%	-3.03%	1.09%	12.66%	18.35%
EBITDA	78,563	79,178	62,103	47,797	42,720	29,464
EBITDA Margin	28.36%	27.48%	24.27%	25.15%	27.44%	25.09%
D&A For EBITDA	15,074	14,406	11,419	7,588	6,924	6,174
EBIT	63,488	64,772	50,684	40,208	35,796	23,290
EBIT Margin	22.92%	22.48%	19.80%	21.16%	22.99%	19.83%
Effective Tax Rate	19.86%	19.37%	16.73%	21.59%	16.32%	17.11%
Advertising Expenses	-	43.84	94.3	5.22	94.43	8.52

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