Daesang Corporation (KRX:001680)

Daesang Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,341,035	4,255,135	4,107,494	4,084,090	3,469,993	3,113,204
Other Revenue	-	-	-0	-0	-	-
Revenue	4,341,035	4,255,135	4,107,494	4,084,090	3,469,993	3,113,204
Revenue Growth (YoY)	4.29%	3.59%	0.57%	17.70%	11.46%	5.03%
Cost of Revenue	3,177,991	3,119,415	3,094,601	3,119,905	2,592,024	2,271,099
Gross Profit	1,163,044	1,135,719	1,012,893	964,185	877,968	842,104
Selling, General & Admin	852,880	840,582	784,364	734,189	651,189	602,021
Research & Development	48,567	46,535	41,218	34,665	27,705	25,437
Other Operating Expenses	27,037	26,697	24,429	20,187	18,942	16,022
Operating Expenses	976,693	958,895	889,261	821,149	728,972	627,781
Operating Income	186,351	176,824	123,632	143,036	148,996	214,324
Interest Expense	-59,291	-58,948	-53,052	-30,622	-17,562	-20,818
Interest & Investment Income	21,078	22,301	20,899	10,489	3,496	4,927
Earnings From Equity Investments	-4,859	-6,253	-2,352	2,615	12,021	874.07
Currency Exchange Gain (Loss)	172	-7,677	2,513	-13,091	-6,476	2,540
Other Non Operating Income (Expenses)	-15,445	-9,895	-3,687	-3,016	-21,569	-4,291
EBT Excluding Unusual Items	128,007	116,352	87,952	109,412	118,907	197,555
Gain (Loss) on Sale of Investments	5,512	5,512	1,567	839	-3,364	487
Gain (Loss) on Sale of Assets	532	532	633	682	76,870	1,837
Asset Writedown	-	-	-	-	-8,077	-9,126
Pretax Income	134,051	122,396	90,152	110,933	184,336	190,753
Income Tax Expense	29,608	25,707	21,588	28,714	39,386	63,743
Earnings From Continuing Operations	104,443	96,689	68,564	82,219	144,950	127,011
Minority Interest in Earnings	-1,269	-1,504	-1,485	849.89	-814.78	-1,909
Net Income	103,174	95,185	67,079	83,069	144,135	125,102
Preferred Dividends & Other Adjustments	3,634	3,634	-	-	-	-
Net Income to Common	99,540	91,551	67,079	83,069	144,135	125,102
Net Income Growth	38.85%	41.90%	-19.25%	-42.37%	15.21%	16.70%
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	36	36	36	36	36	36
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	2763.77	2541.78	1862.35	2306.30	4001.72	3473.29
EPS (Diluted)	2763.77	2541.78	1862.35	2306.30	4001.72	3473.29
EPS Growth	33.97%	36.48%	-19.25%	-42.37%	15.21%	16.70%
Free Cash Flow	1,107	39,738	194,465	-265,291	-101,453	17,251
Free Cash Flow Per Share	30.73	1103.26	5399.06	-7365.47	-2816.72	478.94
Dividend Per Share	850.000	850.000	800.000	800.000	800.000	700.000
Dividend Growth	6.25%	6.25%	-	-	14.29%	16.67%
Gross Margin	26.79%	26.69%	24.66%	23.61%	25.30%	27.05%
Operating Margin	4.29%	4.16%	3.01%	3.50%	4.29%	6.88%
Profit Margin	2.29%	2.15%	1.63%	2.03%	4.15%	4.02%
Free Cash Flow Margin	0.03%	0.93%	4.73%	-6.50%	-2.92%	0.55%
EBITDA	340,404	323,595	260,515	270,393	259,205	319,417
EBITDA Margin	7.84%	7.61%	6.34%	6.62%	7.47%	10.26%
D&A For EBITDA	154,053	146,771	136,883	127,357	110,208	105,094
EBIT	186,351	176,824	123,632	143,036	148,996	214,324
EBIT Margin	4.29%	4.16%	3.01%	3.50%	4.29%	6.88%
Effective Tax Rate	22.09%	21.00%	23.95%	25.88%	21.37%	33.42%
Advertising Expenses	-	78,997	81,021	79,922	69,435	50,127

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.