Korea Fuel-Tech Corporation (KOSDAQ: 123410)

Korea Fuel-Tech 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
Operating Revenue	742,136	679,543	561,044	465,656	409,681	438,688
Other Revenue	-0	-0	-0	-	0	0
Revenue	742,136	679,543	561,044	465,656	409,681	438,688
Revenue Growth (YoY)	17.17%	21.12%	20.48%	13.66%	-6.61%	13.07%
Cost of Revenue	634,952	584,031	484,724	405,060	353,821	379,848
Gross Profit	107,183	95,512	76,320	60,597	55,860	58,841
Selling, General & Admin	55,910	49,687	47,116	41,442	38,905	40,915
Research & Development	8,355	7,661	6,079	6,381	6,342	5,915
Other Operating Expenses	1,567	1,567	1,437	1,477	1,369	1,308
Operating Expenses	66,726	60,331	58,493	51,557	49,710	50,469
Operating Income	40,457	35,181	17,827	9,039	6,150	8,372
Interest Expense	-5,458	-6,381	-4,454	-4,092	-3,424	-3,408
Interest & Investment Income	817.51	675.11	309.12	205.36	236.93	297.34
Earnings From Equity Investments	250.86	1,137	771.56	-401.97	-231.66	66.9
Currency Exchange Gain (Loss)	6,382	6,986	-412.06	179.53	-3,187	-277.03
Other Non Operating Income (Expenses)	-538.73	-445.04	393.66	174.4	2,445	1,239
EBT Excluding Unusual Items	41,911	37,153	14,435	5,105	1,990	6,290
Gain (Loss) on Sale of Investments	-18.38	-56.66	18.11	56.89	1,062	-59.38
Gain (Loss) on Sale of Assets	2,962	1,127	-1,560	1,248	1,047	988.09
Asset Writedown	93.79	234.21	-1,956	-	-	-
Pretax Income	44,948	38,457	10,937	6,410	4,099	7,219
Income Tax Expense	10,810	8,122	2,663	1,625	185.17	1,534
Earnings From Continuing Operations	34,139	30,335	8,273	4,785	3,914	5,685
Minority Interest in Earnings	-303.04	204.65	1,074	792.29	-232.2	44.17
Net Income	33,835	30,540	9,348	5,577	3,681	5,729
Net Income to Common	33,835	30,540	9,348	5,577	3,681	5,729
Net Income Growth	46.82%	226.71%	67.60%	51.50%	-35.74%	43.08%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
EPS (Basic)	1215.31	1096.94	335.76	200.33	132.23	205.78
EPS (Diluted)	1215.31	1096.94	335.76	200.33	132.23	205.78
EPS Growth	46.82%	226.71%	67.60%	51.50%	-35.74%	43.08%
Free Cash Flow	29,421	18,304	14,105	13,665	-14,429	1,592
Free Cash Flow Per Share	1056.74	657.43	506.62	490.82	-518.28	57.20
Dividend Per Share	120.000	120.000	80.000	60.000	30.000	60.000
Dividend Growth	50.00%	50.00%	33.33%	100.00%	-50.00%	0%
Gross Margin	14.44%	14.06%	13.60%	13.01%	13.63%	13.41%
Operating Margin	5.45%	5.18%	3.18%	1.94%	1.50%	1.91%
Profit Margin	4.56%	4.49%	1.67%	1.20%	0.90%	1.31%
Free Cash Flow Margin	3.96%	2.69%	2.51%	2.93%	-3.52%	0.36%
EBITDA	65,045	59,607	41,130	31,424	28,061	30,422
EBITDA Margin	8.76%	8.77%	7.33%	6.75%	6.85%	6.93%
D&A For EBITDA	24,588	24,426	23,303	22,385	21,910	22,050
EBIT	40,457	35,181	17,827	9,039	6,150	8,372
EBIT Margin	5.45%	5.18%	3.18%	1.94%	1.50%	1.91%
Effective Tax Rate	24.05%	21.12%	24.35%	25.35%	4.52%	21.25%

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