Shindaeyang Paper Co., Ltd. (KRX: 016590)

Shindaeyang Paper 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	646,407	645,360	676,402	681,566	609,205	646,815
Other Revenue	-	-	-	-0	-	-0
Revenue	646,407	645,360	676,402	681,566	609,205	646,815
Revenue Growth (YoY)	-2.83%	-4.59%	-0.76%	11.88%	-5.81%	-8.82%
Cost of Revenue	528,214	514,947	556,325	556,804	475,120	483,293
Gross Profit	118,193	130,413	120,077	124,762	134,085	163,522
Selling, General & Admin	71,686	69,609	66,829	68,304	67,507	67,431
Other Operating Expenses	689.39	687.85	853.99	896.05	432.09	526.71
Operating Expenses	74,508	71,944	69,396	69,914	69,481	68,831
Operating Income	43,685	58,469	50,681	54,848	64,604	94,691
Interest Expense	-3,883	-4,675	-3,859	-2,272	-1,877	-2,679
Interest & Investment Income	8,082	7,339	3,461	1,579	2,043	1,521
Earnings From Equity Investments	237.36	385.73	885.78	627.63	405.21	10.59
Currency Exchange Gain (Loss)	6,307	-1,901	4,244	3,568	-2,100	-510.58
Other Non Operating Income (Expenses)	5,898	6,187	6,474	7,868	-1,793	3,878
EBT Excluding Unusual Items	60,327	65,805	61,887	66,217	61,281	96,911
Gain (Loss) on Sale of Investments	1,119	788.83	-840.01	1,567	-0.11	-0.66
Gain (Loss) on Sale of Assets	288.59	594.48	662.96	223.77	-15.29	-188.24
Asset Writedown	-	-	-	-3,348	-946.71	-202.36
Pretax Income	61,734	67,188	61,710	78,473	60,319	96,520
Income Tax Expense	14,664	15,937	10,429	18,038	14,613	24,252
Earnings From Continuing Operations	47,070	51,252	51,281	60,435	45,706	72,268
Net Income to Company	47,070	51,252	51,281	60,435	45,706	72,268
Minority Interest in Earnings	-3,179	-3,391	-3,700	-6,321	-3,277	-16,461
Net Income	43,891	47,860	47,581	54,114	42,430	55,807
Net Income to Common	43,891	47,860	47,581	54,114	42,430	55,807
Net Income Growth	-9.80%	0.59%	-12.07%	27.54%	-23.97%	-29.61%
Shares Outstanding (Basic)	33	35	36	37	40	40
Shares Outstanding (Diluted)	33	35	36	37	40	40
Shares Change (YoY)	-8.17%	-2.39%	-2.39%	-6.73%	-1.69%	-
EPS (Basic)	1325.12	1359.38	1319.16	1464.40	1070.97	1384.86
EPS (Diluted)	1325.12	1359.38	1319.16	1464.40	1070.97	1384.86
EPS Growth	-1.78%	3.05%	-9.92%	36.74%	-22.67%	-29.61%
Free Cash Flow	57,810	60,779	41,882	4,014	63,575	88,054
Free Cash Flow Per Share	1745.33	1726.32	1161.14	108.62	1604.71	2185.08
Dividend Per Share	150.000	150.000	-	-	-	-
Gross Margin	18.28%	20.21%	17.75%	18.31%	22.01%	25.28%
Operating Margin	6.76%	9.06%	7.49%	8.05%	10.60%	14.64%
Profit Margin	6.79%	7.42%	7.03%	7.94%	6.96%	8.63%
Free Cash Flow Margin	8.94%	9.42%	6.19%	0.59%	10.44%	13.61%
EBITDA	75,200	89,713	77,929	81,312	93,551	123,931
EBITDA Margin	11.63%	13.90%	11.52%	11.93%	15.36%	19.16%
D&A For EBITDA	31,515	31,243	27,248	26,464	28,947	29,240
EBIT	43,685	58,469	50,681	54,848	64,604	94,691
EBIT Margin	6.76%	9.06%	7.49%	8.05%	10.60%	14.64%
Effective Tax Rate	23.75%	23.72%	16.90%	22.99%	24.23%	25.13%
Advertising Expenses	-	185.51	160.55	175.78	193.88	179.97

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