Songwon Industrial Co., Ltd. (KRX: 004430)

Songwon Industrial 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
Revenue	1,060,761	1,029,975	1,329,509	998,190	807,768	814,340
Revenue Growth (YoY)	-1.95%	-22.53%	33.19%	23.57%	-0.81%	3.25%
Cost of Revenue	897,784	880,026	1,027,889	776,749	643,795	647,867
Gross Profit	162,977	149,949	301,620	221,441	163,973	166,473
Selling, General & Admin	105,766	89,091	114,148	114,107	93,293	101,661
Operating Expenses	108,720	91,480	116,504	116,476	95,963	107,181
Operating Income	54,257	58,469	185,116	104,965	68,010	59,292
Interest Expense	-7,344	-9,297	-8,773	-5,874	-6,668	-9,335
Interest & Investment Income	1,972	1,836	635	259	216	578
Earnings From Equity Investments	1,226	847	2,020	1,103	1,064	1,010
Currency Exchange Gain (Loss)	-880	-1,495	-3,254	405	-4,100	-2,408
Other Non Operating Income (Expenses)	-917	2,975	6,551	2,463	1,190	639
EBT Excluding Unusual Items	48,314	53,335	182,295	103,321	59,712	49,776
Impairment of Goodwill	-	-	-	-	-6,889	-
Gain (Loss) on Sale of Investments	392	308	91	-	228	164
Gain (Loss) on Sale of Assets	-4,149	-4,149	-1,431	407	-1,816	-1,530
Asset Writedown	-	-	-1,309	-2,544	-78	-88
Other Unusual Items	-	-	1,454	-	-	-
Pretax Income	44,557	49,494	181,100	101,184	51,157	48,322
Income Tax Expense	12,935	14,647	49,168	29,975	22,792	13,314
Earnings From Continuing Operations	31,622	34,847	131,932	71,209	28,365	35,008
Minority Interest in Earnings	-	-	-	1,064	-912	-254
Net Income	31,622	34,847	131,932	72,273	27,453	34,754
Net Income to Common	31,622	34,847	131,932	72,273	27,453	34,754
Net Income Growth	-21.75%	-73.59%	82.55%	163.26%	-21.01%	-8.74%
Shares Outstanding (Basic)	24	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24	24
Shares Change (YoY)	-0.04%	-	-	-	-	-
EPS (Basic)	1317.86	1451.96	5497.17	3011.38	1143.88	1448.08
EPS (Diluted)	1317.86	1451.96	5497.17	3011.38	1143.88	1448.08
EPS Growth	-21.72%	-73.59%	82.55%	163.26%	-21.01%	-8.74%
Free Cash Flow	65,547	128,388	56,482	-42,593	55,192	47,660
Free Cash Flow Per Share	2731.70	5349.50	2353.42	-1774.71	2299.67	1985.83
Dividend Per Share	250.000	250.000	500.000	200.000	120.000	150.000
Dividend Growth	-50.00%	-50.00%	150.00%	66.67%	-20.00%	-6.25%
Gross Margin	15.36%	14.56%	22.69%	22.18%	20.30%	20.44%
Operating Margin	5.11%	5.68%	13.92%	10.52%	8.42%	7.28%
Profit Margin	2.98%	3.38%	9.92%	7.24%	3.40%	4.27%
Free Cash Flow Margin	6.18%	12.47%	4.25%	-4.27%	6.83%	5.85%
EBITDA	87,886	91,763	215,137	138,624	102,700	93,595
EBITDA Margin	8.29%	8.91%	16.18%	13.89%	12.71%	11.49%
D&A For EBITDA	33,629	33,294	30,021	33,659	34,690	34,303
EBIT	54,257	58,469	185,116	104,965	68,010	59,292
EBIT Margin	5.11%	5.68%	13.92%	10.52%	8.42%	7.28%
Effective Tax Rate	29.03%	29.59%	27.15%	29.62%	44.55%	27.55%

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