Asia Paper Manufacturing. Co., Ltd (KRX:002310)

Asia Paper Manufacturing. 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	884,000	891,065	908,334	1,023,393	945,734	731,632
Other Revenue	-0	-0	-	-	-	0
Revenue	884,000	891,065	908,334	1,023,393	945,734	731,632
Revenue Growth (YoY)	-2.05%	-1.90%	-11.24%	8.21%	29.26%	4.87%
Cost of Revenue	747,591	753,968	720,863	812,295	761,642	584,756
Gross Profit	136,409	137,097	187,472	211,098	184,092	146,876
Selling, General & Admin	106,083	105,325	96,130	98,579	88,365	78,897
Research & Development	-	-	-	-	11.84	23.02
Other Operating Expenses	730.25	717.24	485.91	514.77	517	454.98
Operating Expenses	111,088	110,531	99,871	101,669	90,217	81,168
Operating Income	25,321	26,566	87,601	109,429	93,875	65,708
Interest Expense	-2,949	-3,025	-3,370	-2,861	-2,593	-3,361
Interest & Investment Income	5,974	6,324	6,618	3,448	1,297	1,086
Currency Exchange Gain (Loss)	80.63	127.62	-118.38	69.63	256.19	-132.89
Other Non Operating Income (Expenses)	5,858	6,042	10,352	13,399	13,316	11,281
EBT Excluding Unusual Items	34,285	36,035	101,082	123,485	106,152	74,581
Gain (Loss) on Sale of Assets	-96.76	-144.15	-359.93	-1,965	915.61	-738.18
Asset Writedown	-	-	-	-	-9.87	-
Pretax Income	34,188	35,890	100,881	121,520	107,163	74,101
Income Tax Expense	11,832	11,949	19,828	27,120	16,166	19,856
Earnings From Continuing Operations	22,355	23,942	81,053	94,400	90,997	54,245
Net Income	22,355	23,942	81,053	94,400	90,997	54,245
Net Income to Common	22,355	23,942	81,053	94,400	90,997	54,245
Net Income Growth	-70.53%	-70.46%	-14.14%	3.74%	67.75%	-11.71%
Shares Outstanding (Basic)	40	41	44	45	45	45
Shares Outstanding (Diluted)	40	41	44	45	45	45
Shares Change (YoY)	-6.40%	-6.51%	-2.52%	-	-	-
EPS (Basic)	555.65	586.61	1856.68	2107.97	2031.97	1211.30
EPS (Diluted)	555.65	586.61	1856.68	2107.97	2031.97	1211.30
EPS Growth	-68.51%	-68.41%	-11.92%	3.74%	67.75%	-11.71%
Free Cash Flow	17,934	37,719	28,888	73,920	48,280	51,370
Free Cash Flow Per Share	445.76	924.18	661.73	1650.65	1078.11	1147.09
Dividend Per Share	220.000	220.000	484.000	200.000	180.000	140.000
Dividend Growth	-54.55%	-54.55%	142.00%	11.11%	28.57%	16.67%
Gross Margin	15.43%	15.39%	20.64%	20.63%	19.47%	20.08%
Operating Margin	2.86%	2.98%	9.64%	10.69%	9.93%	8.98%
Profit Margin	2.53%	2.69%	8.92%	9.22%	9.62%	7.41%
Free Cash Flow Margin	2.03%	4.23%	3.18%	7.22%	5.10%	7.02%
EBITDA	74,812	76,051	136,829	157,515	140,521	111,546
EBITDA Margin	8.46%	8.54%	15.06%	15.39%	14.86%	15.25%
D&A For EBITDA	49,491	49,485	49,229	48,086	46,645	45,839
EBIT	25,321	26,566	87,601	109,429	93,875	65,708
EBIT Margin	2.86%	2.98%	9.64%	10.69%	9.93%	8.98%
Effective Tax Rate	34.61%	33.29%	19.66%	22.32%	15.09%	26.80%
Advertising Expenses	-	142.65	55.16	32.9	56.98	42.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.