Daesang Corporation (KRX: 001680)

Daesang 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	4,200,998	4,107,494	4,084,090	3,469,993	3,113,204	2,963,986
Other Revenue	-0	-0	-0	-	-	-
Revenue	4,200,998	4,107,494	4,084,090	3,469,993	3,113,204	2,963,986
Revenue Growth (YoY)	1.81%	0.57%	17.70%	11.46%	5.03%	0.24%
Cost of Revenue	3,115,703	3,094,601	3,119,905	2,592,024	2,271,099	2,214,897
Gross Profit	1,085,295	1,012,893	964,185	877,968	842,104	749,089
Selling, General & Admin	815,279	784,364	734,189	651,189	602,021	551,453
Research & Development	44,651	41,218	34,665	27,705	25,437	26,569
Other Operating Expenses	26,562	24,429	20,187	18,942	16,022	18,034
Operating Expenses	928,137	889,261	821,149	728,972	627,781	621,847
Operating Income	157,158	123,632	143,036	148,996	214,324	127,242
Interest Expense	-57,755	-53,052	-30,622	-17,562	-20,818	-24,335
Interest & Investment Income	22,934	20,899	10,489	3,496	4,927	6,242
Earnings From Equity Investments	-6,410	-2,352	2,615	12,021	874.07	23,851
Currency Exchange Gain (Loss)	3,168	2,513	-13,091	-6,476	2,540	4,183
Other Non Operating Income (Expenses)	-11,533	-3,687	-3,016	-21,569	-4,291	-9,692
EBT Excluding Unusual Items	107,562	87,952	109,412	118,907	197,555	127,492
Gain (Loss) on Sale of Investments	1,567	1,567	839	-3,364	487	-109
Gain (Loss) on Sale of Assets	487	633	682	76,870	1,837	45,829
Asset Writedown	-	-	-	-8,077	-9,126	-22,649
Pretax Income	109,616	90,152	110,933	184,336	190,753	150,563
Income Tax Expense	25,324	21,588	28,714	39,386	63,743	41,688
Earnings From Continuing Operations	84,292	68,564	82,219	144,950	127,011	108,875
Net Income to Company	84,292	68,564	82,219	144,950	127,011	108,875
Minority Interest in Earnings	-2,480	-1,485	849.89	-814.78	-1,909	-1,671
Net Income	81,812	67,079	83,069	144,135	125,102	107,204
Preferred Dividends & Other Adjustments	5,621	2,565	-	-	-	-
Net Income to Common	76,191	64,514	83,069	144,135	125,102	107,204
Net Income Growth	-3.08%	-19.25%	-42.37%	15.21%	16.70%	65.24%
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	36	36	36	36	36	36
EPS (Basic)	2115.35	1791.14	2306.30	4001.72	3473.29	2976.38
EPS (Diluted)	2115.35	1791.14	2306.30	4001.72	3473.29	2976.38
EPS Growth	-9.74%	-22.34%	-42.37%	15.21%	16.70%	65.24%
Free Cash Flow	37,294	194,465	-265,291	-101,453	17,251	57,512
Free Cash Flow Per Share	1035.43	5399.06	-7365.47	-2816.72	478.94	1596.76
Dividend Per Share	800.000	800.000	800.000	800.000	700.000	600.000
Dividend Growth	0%	0%	0%	14.29%	16.67%	9.09%
Gross Margin	25.83%	24.66%	23.61%	25.30%	27.05%	25.27%
Operating Margin	3.74%	3.01%	3.50%	4.29%	6.88%	4.29%
Profit Margin	1.81%	1.57%	2.03%	4.15%	4.02%	3.62%
Free Cash Flow Margin	0.89%	4.73%	-6.50%	-2.92%	0.55%	1.94%
EBITDA	297,014	260,515	270,393	259,205	319,417	225,947
EBITDA Margin	7.07%	6.34%	6.62%	7.47%	10.26%	7.62%
D&A For EBITDA	139,856	136,883	127,357	110,208	105,094	98,705
EBIT	157,158	123,632	143,036	148,996	214,324	127,242
EBIT Margin	3.74%	3.01%	3.50%	4.29%	6.88%	4.29%
Effective Tax Rate	23.10%	23.95%	25.88%	21.37%	33.42%	27.69%
Advertising Expenses	-	81,021	79,922	69,435	50,127	50,546

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