Boryung Corporation (KRX: 003850)

Boryung 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	991,430	859,626	760,476	627,279	561,867	524,269
Other Revenue	-	-	-0	-0	-	-
Revenue	991,430	859,626	760,476	627,279	561,867	524,269
Revenue Growth (YoY)	19.47%	13.04%	21.23%	11.64%	7.17%	13.87%
Cost of Revenue	613,729	506,196	453,289	362,342	330,425	301,274
Gross Profit	377,700	353,430	307,187	264,937	231,442	222,995
Selling, General & Admin	229,410	214,051	192,386	171,687	149,015	140,353
Research & Development	53,328	47,286	41,705	39,146	35,506	37,864
Other Operating Expenses	3,715	3,427	3,145	2,915	-	-
Operating Expenses	307,568	285,728	250,584	223,489	191,483	183,931
Operating Income	70,132	67,702	56,603	41,448	39,959	39,064
Interest Expense	-9,227	-9,549	-6,127	-4,478	-3,343	-62.13
Interest & Investment Income	659.35	871.77	6,956	1,399	482.19	16.22
Earnings From Equity Investments	253.9	-	250.46	-	-	8,242
Currency Exchange Gain (Loss)	-2,429	1,030	10,851	2,379	-1,352	-185.99
Other Non Operating Income (Expenses)	-2,021	-2,096	-1,989	-1,865	-72.3	-1,434
EBT Excluding Unusual Items	57,369	57,958	66,544	38,882	35,674	45,640
Gain (Loss) on Sale of Investments	-548.06	-1,436	-5,651	32,303	172.37	-2,926
Gain (Loss) on Sale of Assets	-189.59	-216.25	-164.17	-466.76	199.45	-244.67
Asset Writedown	-3.17	-	-1,857	-	-1.62	-
Pretax Income	56,628	56,306	58,872	70,718	36,044	42,469
Income Tax Expense	-5,369	16,092	16,934	27,599	9,184	10,248
Earnings From Continuing Operations	61,997	40,213	41,938	43,119	26,860	32,222
Minority Interest in Earnings	-1.35	-10.34	-43.88	-74.99	-3.56	-
Net Income	61,995	40,203	41,894	43,044	26,856	32,222
Net Income to Common	61,995	40,203	41,894	43,044	26,856	32,222
Net Income Growth	119.32%	-4.04%	-2.67%	60.28%	-16.65%	58.67%
Shares Outstanding (Basic)	66	66	66	62	58	55
Shares Outstanding (Diluted)	66	66	66	63	58	55
Shares Change (YoY)	0.09%	-0.29%	4.91%	8.12%	5.18%	-0.19%
EPS (Basic)	941.24	610.38	635.91	688.72	462.46	581.34
EPS (Diluted)	939.14	610.00	634.00	683.00	461.00	581.34
EPS Growth	119.15%	-3.79%	-7.17%	48.16%	-20.70%	58.98%
Free Cash Flow	66,485	27,204	7,538	44,034	26,470	-20,021
Free Cash Flow Per Share	1006.71	412.61	113.99	698.64	454.07	-361.22
Dividend Per Share	100.000	100.000	100.000	100.000	75.775	75.775
Dividend Growth	0%	0%	0%	31.97%	0%	66.67%
Gross Margin	38.10%	41.11%	40.39%	42.24%	41.19%	42.53%
Operating Margin	7.07%	7.88%	7.44%	6.61%	7.11%	7.45%
Profit Margin	6.25%	4.68%	5.51%	6.86%	4.78%	6.15%
Free Cash Flow Margin	6.71%	3.16%	0.99%	7.02%	4.71%	-3.82%
EBITDA	113,215	112,089	94,247	73,522	67,525	56,492
EBITDA Margin	11.42%	13.04%	12.39%	11.72%	12.02%	10.78%
D&A For EBITDA	43,083	44,387	37,644	32,074	27,566	17,428
EBIT	70,132	67,702	56,603	41,448	39,959	39,064
EBIT Margin	7.07%	7.88%	7.44%	6.61%	7.11%	7.45%
Effective Tax Rate	-	28.58%	28.76%	39.03%	25.48%	24.13%
Advertising Expenses	-	45,365	44,060	40,486	34,510	34,008

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