Michang Oil Ind. Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	416,249	409,235	418,790	406,293	277,578	323,728
Other Revenue	-	-	-0	-	0	0
Revenue	416,249	409,235	418,790	406,293	277,578	323,728
Revenue Growth (YoY)	-2.23%	-2.28%	3.08%	46.37%	-14.26%	2.35%
Cost of Revenue	356,829	347,548	361,050	356,569	246,042	293,730
Gross Profit	59,420	61,687	57,740	49,724	31,536	29,998
Selling, General & Admin	13,509	13,403	13,453	14,002	12,554	12,348
Amortization of Goodwill & Intangibles	82.63	81.18	78.27	78.27	78.27	78.27
Other Operating Expenses	29.39	30.34	41.71	28.91	27.51	33.59
Operating Expenses	13,805	13,697	13,735	14,506	12,818	12,518
Operating Income	45,616	47,990	44,005	35,218	18,719	17,480
Interest Expense	-1,078	-589.97	-31.57	-27.74	-85.22	-91.63
Interest & Investment Income	3,082	2,275	1,298	1,251	1,613	1,563
Earnings From Equity Investments	-529.09	-529.09	4,088	-	1,357	-
Currency Exchange Gain (Loss)	243.23	251.82	-827.73	839.44	-462.72	237.5
Other Non Operating Income (Expenses)	-32	975.02	440.79	2,110	943.55	1,178
EBT Excluding Unusual Items	47,302	50,373	48,972	39,391	22,084	20,367
Gain (Loss) on Sale of Investments	32,198	11,369	1,916	5,153	2,317	3,052
Gain (Loss) on Sale of Assets	7,427	4,924	-1,099	2,482	1,301	1,053
Asset Writedown	-7,346	-6,021	-18,035	-2,633	-2,278	-95.21
Pretax Income	79,581	60,645	31,754	44,392	23,424	24,378
Income Tax Expense	16,328	12,999	8,371	11,254	3,745	6,652
Earnings From Continuing Operations	63,253	47,646	23,383	33,138	19,679	17,726
Minority Interest in Earnings	0.11	0.1	0.14	0.18	0.18	0.09
Net Income	63,253	47,646	23,383	33,139	19,679	17,726
Net Income to Common	63,253	47,646	23,383	33,139	19,679	17,726
Net Income Growth	43.45%	103.76%	-29.44%	68.39%	11.02%	65.32%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-	-	-	-0.35%	-2.65%	-4.10%
EPS (Basic)	41807.18	31491.60	15455.09	21902.90	12961.55	11365.56
EPS (Diluted)	41807.18	31491.60	15455.09	21902.90	12961.55	11365.56
EPS Growth	43.45%	103.76%	-29.44%	68.98%	14.04%	72.39%
Free Cash Flow	44,356	53,261	14,193	13,580	34,015	-2,047
Free Cash Flow Per Share	29316.91	35202.68	9380.82	8975.56	22403.67	-1312.73
Dividend Per Share	2800.000	2800.000	2500.000	2500.000	2100.000	2000.000
Dividend Growth	12.00%	12.00%	-	19.05%	5.00%	25.00%
Gross Margin	14.27%	15.07%	13.79%	12.24%	11.36%	9.27%
Operating Margin	10.96%	11.73%	10.51%	8.67%	6.74%	5.40%
Profit Margin	15.20%	11.64%	5.58%	8.16%	7.09%	5.48%
Free Cash Flow Margin	10.66%	13.01%	3.39%	3.34%	12.25%	-0.63%
EBITDA	48,938	51,325	47,189	38,407	21,691	20,586
EBITDA Margin	11.76%	12.54%	11.27%	9.45%	7.81%	6.36%
D&A For EBITDA	3,322	3,335	3,184	3,189	2,972	3,106
EBIT	45,616	47,990	44,005	35,218	18,719	17,480
EBIT Margin	10.96%	11.73%	10.51%	8.67%	6.74%	5.40%
Effective Tax Rate	20.52%	21.44%	26.36%	25.35%	15.99%	27.29%
Advertising Expenses	-	34.26	64.49	102.12	102.23	102.57

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